Question ID :
29558
capital gain on rural agri land
Dear professional colleagues,
Namaskaar !
Mr.X an individual purchased a rural agricultural land on 01.03.2017 at Rs.1 lac.
On 31.12.2017 he sold the land to a pvt ltd company at Rs.1.5 Lacs. The proposed use of land by company is industrial.
What are tax implications in the hands of Mr.X ?
Regards
CA R K Choudhary
posted by
RAKESH KUMAR CHOUDHARY
on
Apr 13 2018 12:00AM