Agriculture Land Sale IS Tax Free! But Check if it is really Agriculture Land.

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We had ancestral agriculture land in Raigad Dist. It is 22 kms from any urban center ,.Pl advise us if we are exempted from paying capital gains tax under section 22(14) III. and not required to pay any tax or purchase 54F Bonds.madhuzende@hotmail.com Not all agricultural land is TAX FREE . While sale of “rural…

Tags: Exemption India land sale

The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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