Gain from sale of non-agriculture land is taxable as capital gain. Gain from sale of agriculture land is taxable only if it is located within 8 kilometers from the urban limits.
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i am private limited company having paid up share capital of rs.100000/- and all sahres are subscribed by family members only. now i want to apply for ipo of share of limited compnay. can i do so?
i am managing director in private limited company. i want to sell my land to copanty for share of equilavent value. whether any capital gain will be chargeable.
If I sold my agriculture land which is located within 8 km from village panchayet and the total population is morethan 10000 in that village The income ( sale price) will be used for following purpose :- a. part of amount will be used for Purchase of another agriculture land b. part of amount will be used for purchase of Rice mill ( rice manufacturing unit) c. part of amount will be used for construction of new building Please guide me whether I have to pay any capital gain tax for my above proposal
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