Sale of Agricultural land

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....ale of Agricultural land<br> Query (Issue) Started By: - deepak gulati Dated:- 20-11-2011 Last Reply Date:- 30-11-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>If on sells Agricultual land ( not a c....

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....apital asset being situated beyond 8km from municpility and population less than 10000 ), but sale deed is prepared as Industrial land ( to save stamp duty on purchase of land for industry as per stat....

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....e policy). Whether sale of land will be exempt or not ? Reply By Amit Sharma: The Reply: Industry can be established at any area i.e. may be rural area or urban area. Further you have sold agricultur....

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....e land which is not a captial assets for the purpose of capital gain. Generally registry done by purchasing party not by selling party. If documents or khatedari of land shows that it is a agriculture....

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.... land which situated at rural area ( as specified in Income Tax Act) then you can claim exemption.<br> Discussion Forum - Knowledge Sharing ....