Capital Gain

[Manjeet Singh]

Hi,

I want to know that if somebody sells 4 agricultre plots after poltting then how can he save the capital gain .

He has purchased 2 plot one is for residential plot and one is agricultre plot .

Thanks

[CAGOPALJI AGRAWAL]

• Sir it needs a complete case study of the facts and circumstances.

AI Summary

Capital gains tax treatment on sale of plotted agricultural land depends on land classification and factual matrix. Capital gain consequences hinge on whether land retains agricultural character or has been converted to non agricultural/residential use; mitigation and reliefs depend on the factual matrix, including land classification, chronology of acquisition and use, and statutory conditions, so a detailed case specific analysis is required.