Capital gain on sale of agriculture land: 7 important points to know

Capital gain on sale of agriculture land is exempt if land is situated in rural area. Here, many inter related sectoins are covered to understand the topic. It is necessary to study section 2(14) -changes in definition of capital asset in financial bill, 2013, section 10 ( 37), section 45, section 54B, section 194LA. All these sections are covered in this article. I have presented theme in details for better understanding. 7 important points about capital gain on sale of agriculture land: Capital gain on agriculure land held as investment:  capital asset definition under section 2(14) and changes in...

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