One Tweak And Suddenly Your Tax Liabilities Gone Up !

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Are you aware that from 01/04/2013 , an amendment to direct tax law has suddenly created the tax liabilities in your hand if you held till that day an investment in land ? The rude shock may be felt if you sell the agriculture land  and you are told to pay the capital gains tax or  for wealth tax liability if you held the land (other than agriculture land ) near a municipality or cantonment year .This post tries to provide you a clear picture on the new law, so that you are not caught unaware about the tax liability which has silently arisen in many cases.

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