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What is capital gains tax liability on selling agri land?- Property Hotline
Posted
October 20, 2016
Views
1,874
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10
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October 20, 2016
1,874
10
0.53%
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2:20Now PlayingExpert: Samir Kanabar, Partner - Tax & Regulatory Services at EY.
Question: I plan to sell agricultural land, what is my capital gains tax liability?
Answer: If the asset is rural agricultural land then capital gains tax will be exempt. However, if the same is urban agricultural land then capital gains tax will be applicable at 20% (if the asset is held for more than 36 months) or at slab rate (if the asset is held for less than 36 months). Indexation benefit available if the property is held for more than 36 months.
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