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Issue ID: 2967
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capital gain

Date 20 Apr 2011
Replies 1 Reply
Views 1187 Views
Asked by
Capital gains exemption for agricultural land beyond municipal limits; central gazette location for municipal boundaries provided.
Query concerns the tax treatment of capital gains on sale of agricultural land beyond municipal limits per the central government gazette, and asks where municipal limits are published; the reply provides an online notification link as the source for the gazette information. (AI Summary)

we knowthat sale of agriculture land beyond 8km from municipal limits as spicified in the central govt gazette ,there is no capital gains.

i want clarifications on the above statement 

1 )where can weget the municipal limits areas in the central govt gazette

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Replied on Apr 20, 2011
1.

It is available at the following link

 

https://www.taxtmi.com/notifications?id=22008

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