POSTED BY November 20, 2013 12:56 pm ONE COMMENT
ONI intends to convert ancestral agriculture land into non agriculture for the purpose of laying residential layout and sell the plots so formed
will you please throw some light as to How the proceeds from sale of plots is treated for the purpose of income tax
2021 © Jagoinvestor.com All Right Reserved
Dear Subhash, from taxation point it ‘ll be LTCG for you post conversion from Agri. to NA.
thanks
Ashal