Where an urban agricultural land owned by an individual, continuously used by him for agricultural purposes for a period of two years prior to the date of transfer, is compulsorily, acquired under law and the compensation is fixed by the state Government, resultant capital gain is exempt.
| A. | True |
| B. | False |
| C. | Cannot be said with certainty |
| D. | Is decided by the Assessing Officer |
Answer : B Explanation : Shailaja said: (10:37pm on Tuesday 17th January 2017)
How it is false can u mention reasons that can make better understanding
Akhila said: (11:45am on Sunday 8th October 2017)
i think its cuz ter is a condition that such gain shud be used for purchasing another agri land witin 2 yrs...ter is no mention of such info so
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
