Sale of Agricultural land and LTCG tax

POSTED BY Advait ON August 18, 2011 2:47 pm ONE COMMENT

My father is a retired state govt employee and getting the monthly pension from the state govt. He inherited a piece of agricultural land in a remote village from his father.
Now he would like to sell this land. Is he suppose to pay the long term capital tax for this sale amount?

TIA

One reply on this article “Sale of Agricultural land and LTCG tax”

  1. Abhishek says:

    Agricultural land does not attract CG

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