Capital gain exemption u/s 54B for investment in another agricultural Land
54B . Capital gain on transfer of land use for agricultural purposes not to be charge in certain cases.-(1) Subject to the provisions of sub-section (2), where the capital ...
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Posts tagged "54B"
CAPITAL GAIN EXEMPTION FOR INVESTMENT IN AGRICULTURAL LAND
CONDITIONS PRECEDENT FOR EXEMPTION U/S 54B
The conditions necessary for grant of exemption under section 54B are :
(i) capital gain should arise on transfer of agricultural land by the assessee;
(ii) such land should have be use for agricultural purpose by ...
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