https://www.taxtmi.com/forum/issue?id=5266 Capital gains on sale of agricultural land hinge on whether the land lies within the specified area around municipal limits under the income tax notification; a distance certificate from revenue authorities is required to establish taxability. For indexation, fair market value as of 01 04 1981 may be proved by a registered valuer's certificate or contemporary revenue records (Farad/Hakikat). Practical steps include obtaining the distance certificate and documentary valuation evidence, and considering replacement land purchase relief when statutory cultivation and time conditions are met. en-us Sat, 02 Feb 2013 12:12:50 +0530 Thu, 23 Jan 2025 15:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5266 Capital gains on sale of agricultural land hinge on whether the land lies within the specified area around municipal limits under the income tax notification; a distance certificate from revenue authorities is required to establish taxability. For indexation, fair market value as of 01 04 1981 may be proved by a registered valuer's certificate or contemporary revenue records (Farad/Hakikat). Practical steps include obtaining the distance certificate and documentary valuation evidence, and considering replacement land purchase relief when statutory cultivation and time conditions are met. Discussion-Forum Income Tax Sat, 02 Feb 2013 12:12:50 +0530 https://www.taxtmi.com/forum/issue?id=5266