Investment in agricultural land qualifies for exemption from capital gains when transfer proceeds are reinvested in new agricultural land. Exemption under section 54B applies where proceeds from the transfer of agricultural land are reinvested in the purchase of new agricultural land; the new ... Summary
Investment in agricultural land qualifies for exemption from capital gains when transfer proceeds are reinvested in new agricultural land.
Exemption under section 54B applies where proceeds from the transfer of agricultural land are reinvested in the purchase of new agricultural land; the new land may be located in either a rural or an urban area.
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