Cap gain

Querist : Anonymous (Querist) 24 January 2012 This query is : Resolved
I have sold a land which was passed on to me by my father after his death. He had purchase the land 24 years ago. It is outside the muncipal limit. Now do I have to pay the capital gain tax on same?

Follow Query

Report Abuse

A V Vishal (Expert) 24 January 2012
You have not mentioned the nature of the land viz. where it is an agricultural or non agricultural land. In case of agricultural land there is no capital gains in case it satisfies certain criteria.

Sailesh Kumar Shah (Expert) 24 January 2012
if land is agricultural then you have not to pay capital gain otherwise you have to pay.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Browse by Category

Stay updated with latest Posts!