Comments on: Capital Gain Tax on Agricultural Land

By: Mishraji

Mishraji — Tue, 16 Feb 2010 17:45:05 +0000

tax calculated shall be on the value transferred and not the governmental assessment value in this case it will be 8 lacs.
Government is an idiot

By: bal kishan agarwal

bal kishan agarwal — Sun, 24 Jan 2010 04:34:19 +0000

Heriditary house sold for 8 lacs,BUT Circle rate calculated was 13.65 lacs,Stamp duty paid accordingly by purchaser at HAPUR U P.
What is LONG TERM CAPITAL GAIN LIABILITY for SELLER on 8lacs OR 13.65 lacs??
What is Tax liability for Purchaser on 8lacs OR 13.65 Lacs ??
Regards
bk

By: Krishna

Krishna — Wed, 13 Jan 2010 07:34:10 +0000

Thank you for the useful information

By: Falgunan T P

Falgunan T P — Wed, 13 Jan 2010 05:26:08 +0000

Dear sir,

How the sale proceeds of agricultural land which is owned by Hereditary?

Thanks.
Falgunan T P.