capital gain

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....apital gain<br> Query (Issue) Started By: - Arup Dey Dated:- 3-5-2013 Last Reply Date:- 28-5-2013 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear sir, I have a question about capital gain.Suppose Mr.A....

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.... get some agricultural land from his father mr.B . mr.B also got those lands from his father.I mean these lands are all family asset.Now Mr.B is no more.Mr.A sell those land,now how to calculate capit....

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....al gain from this type of selling,where no purchase value is avaiable.These lands are far away from urban area(mean more than 8 k.m). Reply By CA GOPALJI AGRAWAL: The Reply: If it is an agricultural....

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.... land satisfying the conditions for ag. land, then no income would be taxable from transfer of such land.<br> Discussion Forum - Knowledge Sharing ....