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Demerger company sale in his agri land in portial, Capital gain details?, Corporate Laws / SEBI / LLP |
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Demerger company sale in his agri land in portial, Capital gain details? |
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Company demerge in March 2015, and April 2016 the company sale in portion of Agri land. What in capital gain and further auction by income tax? Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
The date of acquisition shall be the purchase date of the demerged company. Accordingly the period has to be calculated for short term or long term capital goods. Thanks.
If the agricultural land is in rural area short term capital gains is exempted. Page: 1 Old Query - New Comments are closed. |
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