Capital Gains Transfer of agricultural land on which no agricultural activities carried outExemption whether available

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The Tax Publishers Capital gains--Transfer of agricultural land on which no agricultural activities carried out--Exemption whether available Query The assessee has sold 2 landed property (survey no. are different). In revenue records, both the lands are shown as agricultural land. In one of the lands, agricultural activities are carried out. In other, no activities are carried out. The property is more than 8 km measured aerially from the nearest municipality having population about 30000. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Capital gains--Transfer of agricultural land on which no agricultural activities carried out--Exemption whether available

Query

The assessee has sold 2 landed property (survey no. are different). In revenue records, both the lands are shown as agricultural land. In one of the lands, agricultural activities are carried out. In other, no activities are carried out. The property is more than 8 km measured aerially from the nearest municipality having population about 30000.