https://www.taxtmi.com/highlights?id=50278 Addition being long term capital gain on sale of land - Once the area is within 8 kms from the Municipal limits, then even if the particular land is beyond that distance of 8 kms, it will not be excluded from the definition of capital asset being an agricultural land. en-us Tue, 19 Nov 2019 12:39:53 +0530 Tue, 19 Nov 2019 12:39:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50278 Addition being long term capital gain on sale of land - Once the area is within 8 kms from the Municipal limits, then even if the particular land is beyond that distance of 8 kms, it will not be excluded from the definition of capital asset being an agricultural land. Highlights Income Tax Tue, 19 Nov 2019 12:39:53 +0530 https://www.taxtmi.com/highlights?id=50278