Even Non-Agriculture Land Sold Under RFCTLARR Act is Fully Tax-Free!

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RFCTLARR or The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement” Act 2013 came into force on 1st January 2014. It repealed the Land Acquisition Act, 1894. Income Tax Act has no provision to tax sale of agriculture land unless the said land satisfies the definition of a capital asset under…

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