Banking & Economics
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When does agri land sale qualify for tax exemption?
Agricultural land is generally not a capital asset unless it falls within urban limits. If taxable as LTCG, Section 54F may allow a deduction for reinvestment in a house.
Key Highlights
- Agricultural land is generally not a capital asset unless it falls within urban limits.
- If taxable as LTCG, Section 54F may allow a deduction for reinvestment in a house.
- Desk angle: we track rates, inflation, and bank balance sheets against this headline. Always read the original for filings and quotes.
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