Sale of agriculture land

A.vinoth (Querist) 27 November 2016 This query is : Resolved
Our family property of 5 acre agri land. Our doc titled as agri land but in sale doc word ' agriculture land ' was not mentioned by the buyer in his doc. My query's that sale of our land come under capital gain tax ?

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Kumar Doab (Expert) 27 November 2016
What is this doc!

Sale deed when you bought or when you sold!

Is title 'agri land' in both!

R.K Nanda (Expert) 27 November 2016
contact tax lawyer.

adv.bharat @ PUNE (Expert) 27 November 2016
Author need to explain the query raised by expert.

J K Agrawal (Expert) 27 November 2016
it does not make any difference that how did you describe the land in your purchase document or in sale document.

The crux is what actually the land was, and the same will prevail.

The description or classification of land is not governed by your document but it is governed by statute.

Rajendra K Goyal (Expert) 27 November 2016
Agree with the expert J K Agrawal.

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