LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Rajkumar (Student)     30 June 2014

Queries regarding agriculture land

Hello!

I have few queries -

-- My land is situated 12 km away from Municipal Corporation limits in a small village having population not more than 2000. But, this land is infertile. So, will this land be considered as Agriculture Land?

-- Will this land be considered as a Capital asset?

-- I had purchased this land about 15 months back! But, I want to sell it now! So, will I be able to take exemption on the gain arising from the selling of this land?



Learning

 0 Replies


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register