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as-per-the-income-tax-1961-capital-gain-arising-from
Sports GK Questions and Answers 2024 (Latest Updated)
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Question
As per the Income Tax, 1961, capital gain arising from the sale of agricultural land owned for 5 years in rural areas is
A
Taxable as short term capital gains
B
Taxable as long term capital gains
C
Exempted
D
Partly taxable and partly exempted
View Answer
Answer & Explanation
Answer:Exempted
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