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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

Check your Email and Click on the Confirmation Link

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

Check your Email and Click on the Confirmation Link