Post by: balaji t in Agriculture Income Tax
Section 54B of Income Tax Section 54B of the Income Tax Act is a section introduced in the legislative framework with the objective of providing relief for farmers who are transferring agricultural land. Prior to the introduction of Section 54B,…
Post by: IndiaFilings in Agriculture Income Tax
Capital Gains Exemption - Section 54B A tax exemption is available for taxpayers who make a sale of agricultural land. Normally, under the provisions of Income Tax law, when a taxpayer makes a sale of land, capital gains tax should…
