Rural agriculture land
3 years ago
Can I sale a rural agriculture land today which I had purchased a week before
As rural land has 100 % tax exemption do I need to pay tax ?
Or What ll happen if I sale it
A.Dear Sir,
If you can manage you can sell but normally other documents must reflect your name otherwise registration may not happen.
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If you can manage you can sell but normally other documents must reflect your name otherwise registration may not happen.
Rate me Five Star *
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Keches Shilwante
Responded 3 years ago
A.The agricultural land which is purchased to claim capital gains exemption should not be sold within a period of 3 years from the date of its purchase.
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NITHYANANDAN SUNDARESAN
Responded 3 years ago
A.Dear client, agriculture income is exempted from paying income tax, Property registered and Sale always have nominal tax charged by state government registration department and I think get clear consultation from Porperty and Tax lawyer near your Jurisdiction.
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