Is Agricultural Land treated as Capital Asset?

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  1. Avinash Bhoyar

    Avinash Bhoyar New Member

    I have agriculture land in mouza narayanpur ( grampanchayat) and about 3 km from deoli (muncipal corporation ) .
    narayanpur population is less than 10000 and deoli population is about 50000.

    my query if i sale my land, whether it would be treated as capital assets and liable for tax under capital gain.
     
  2. venkata

    venkata New Member

    It will be treated as capital assets and liable for tax under capital gain.
     
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