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If the sale of agricultural land gives capital gains, will it be taxable?

1 reply, 2 voices Last updated by  Akash Rohada 3 months, 1 week ago
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  • #2730

    Ranbir asare
    Participant
    @r@nbir123

    If the sale of agricultural land gives capital gains, will it be taxable?

    #2861

    Akash Rohada
    Participant
    @Akashv__

    Land is a Capital Asset and and as an appreciated asset, a landowner can make huge capital gains on its sale. However, agricultural land in India is not considered a Capital Asset. So, capital gains are not applicable on its sale.

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