Capital Gains Tax: Land Classified as Agricultural as of April 1, 1981, Impacts Tax Liabilities Despite 2005 Conversion.

Capital Gains Tax: Land Classified as Agricultural as of April 1, 1981, Impacts Tax Liabilities Despite 2005 Conversion. https://www.taxtmi.com/highlights?id=18695 Computation of capital gains – nature of land at the time of valuation i.e. as on 1-4-2008 - conversion of agricultural land into non-agricultural land in the year 2005 - AO has rightly treated this land as agricultural land as on 01- 04-1981 - AT en-us Wed, 28 May 2014 09:18:05 +0530 Wed, 28 May 2014 09:18:05 +0530 TaxTMI RSS Generator Capital Gains Tax: Land Classified as Agricultural as of April 1, 1981, Impacts Tax Liabilities Despite 2005 Conversion. https://www.taxtmi.com/highlights?id=18695 Computation of capital gains – nature of land at the time of valuation i.e. as on 1-4-2008 - conversion of agricultural land into non-agricultural land in the year 2005 - AO has rightly treated this land as agricultural land as on 01- 04-1981 - AT Highlights Income Tax Wed, 28 May 2014 09:18:05 +0530 https://www.taxtmi.com/highlights?id=18695