https://www.taxtmi.com/forum/issue?id=1993 Exemption for agricultural-land capital gains requires the land to have been used for agricultural purposes by the assessee or his parents for two years as stipulated in the exemption provision; this requirement applies when the land is a capital asset. If land qualifies as rural agricultural land excluded from the definition of capital asset, it will not attract capital gains tax on disposal. en-us Tue, 15 Jun 2010 18:47:57 +0530 Thu, 23 Jan 2025 15:58:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1993 Exemption for agricultural-land capital gains requires the land to have been used for agricultural purposes by the assessee or his parents for two years as stipulated in the exemption provision; this requirement applies when the land is a capital asset. If land qualifies as rural agricultural land excluded from the definition of capital asset, it will not attract capital gains tax on disposal. Discussion-Forum Income Tax Tue, 15 Jun 2010 18:47:57 +0530 https://www.taxtmi.com/forum/issue?id=1993