types of improvement on agricultural land.

[alam singh]

i wanted to know what type of improvements (cost of improvement) can be deducted in case of long term capital gains on sale of urban agricultural land. any sugestions ,please.

AI Summary

Deductible Improvements for Urban Agricultural Land Sale: Excavation, Leveling, and Boundary Walls Count A discussion participant inquired about deductible improvements for long-term capital gains on the sale of urban agricultural land. A respondent, identified as a chartered accountant, mentioned that costs related to excavation, leveling, filling, and constructing boundary walls are considered improvements. The original inquirer further asked if additional deductions apply when selling a healthy orchard with fruit-bearing plants in an urban area.