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Question ID : 36966

Rural Agricultural Land in India

What significance of Notification No 77(E) 1973 in respect of Rural Agricultural land in India on capital Gain Tax for sale of a land. has this notification been replaced by any other notification or it has become ineffective now ?

Posted by CA. SHARMA RAJESH CHANDRA on Feb 07, 2019

Filed Under Capital Gains

Answer ID : 76249

Superseded by Notification No. [SO 9447] (File No. 164/3/87-ITA.I)], dated. 6-1-1994

Posted by B.CHACKRAPANI WARRIER on Feb 07, 2019
Answer ID : 76250

After amendment in section 2(14)(iii) from F.Y.2014-15, this notification become ineffective.

Posted by CA. chunauti dholakia on Feb 07, 2019