Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
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Agricultural land<br />
• Rural agricultural land not a capital<br />
asset u/s 2(14)<br />
• Compulsory acquisition not liable to tax<br />
u/s 10(37)<br />
• Exemption <strong>of</strong> capital gains from sale <strong>of</strong><br />
land in case other agricultural land<br />
purchased with in 2 yrs