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No capital gains tax on rural farm land sale proceeds
Financial Express Kochi
|September 13, 2025
Do I have to pay any tax on gains from sale of agricultural land in village?
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—Ashok Jalota Agricultural land located in a rural area is not classified as a capital asset under Indian tax law. Consequently, any gains from the sale of such land are not subject to capital gains tax. However, it is recommended to keep detailed records of the land sale.
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