Sale of Agricultural Land: Income Tax

Direct Taxation

Sold Agricultural Land: Capital Gains is exempted right

Veera V

CA Final

★ 0

06-Nov-21 16:04

619

Answers (1)

Only sale of rural agricultural land is totally exempt. For sale of urban agricultural land, Assessee can claim exemption u/s. 54B or 10(37) provided the conditions mentioned under respective sections are satisfied.

ALDRIN G

CA Inter

★ 12K+

06-Nov-21 16:13