Amrish 29 November 2016
I have bought agri land before 30 months. More than 2 years. 1 sold 1 part of it before 24 months, 2nd part selling now.
Do I have to pay income tax / capital gain tax on 2nd part. ? On 1st part I already paid income tax at that time.
Somebody told me that if we sell agri land after 2 years no need to pay income tax / capital gain tax
Seeking guidance
adv.bharat @ PUNE (Lawyer) 07 December 2016
Amrish if u sell that plot with in 3 years of purchase then u need to pay short term capital gain .
Will u appreciate this answer by giving like on my LCI profile?
Amrish 07 December 2016
Oh sh*t.....
I consuted one CA here and he said its 2 years limit. And i did registration just before few days.
3 years are completing in February-2017. What to do now ?
Amrish 07 December 2016
continued......
Here local CA said, I need to purchase Agri land in next 2 years to avoid tax and I am willing to buy another land in just 1 year. Then also I need to pay tax ?
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