Capital gain - Nature of land - Sale of agricultural land – ...

Income Tax

December 31, 2012

Capital gain - Nature of land - Sale of agricultural land – There is no requirement in any Act more especially the I.T. Act that only the self-cultivated land will be treated as agricultural land. - Just because after the sale, the purchaser was going to put the land to non-agricultural use, it does not mean that on the date of sale the land has ceased to be agricultural land. - AT

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Capital gain - Nature of land - Sale of agricultural land – ...

Income Tax

December 31, 2012

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