If Long term capital gain is invested in agriculture land is there any tax have to pay?



if long term capital gain is invested in purchase of agricultural land, is there any tax imposed on it?

If Long term capital gain is invested in agriculture land is there any tax have to pay?
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4 Replies to “If Long term capital gain is invested in agriculture land is there any tax have to pay?”



  1. Capital Gain on the Transfer of Agricultural Land (Section 54B):
    Capital gains arising on the transfer of land used by an individual or his parents for agricultural purposes for a period of two years immediately preceding the date of transfer is exempt form the tax if the individual assessee has purchased another agricultural land within a period of two years from the date of such transfer (subject to the requirements).

    HMT






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