Example: Suppose a long-term agricultural land is transferred by an individual on April 16, 2020 Then to claim exemption under this section assessee must: Purchase another agricultural land within April 16, 2022 Example: Suppose a long-term land or building used in an industrial undertaking is compulsorily acquired on April 20, 2020 & compensation is received on September 15, 2020
Capital Gains Exemption
Capital Gains Exemption
Capital Gains Exemption
Example: Suppose a long-term agricultural land is transferred by an individual on April 16, 2020 Then to claim exemption under this section assessee must: Purchase another agricultural land within April 16, 2022 Example: Suppose a long-term land or building used in an industrial undertaking is compulsorily acquired on April 20, 2020 & compensation is received on September 15, 2020