Tax on Agricultural land

Posted In CategoryLaws and Regulations
  • S
    Subhan 2 years ago

    Is there any tax on Agricultural land?

  • U
    Umair 2 years ago

    Agricultural land is not considered as caital asset.

  • A
    Asmaan 2 years ago

    Any gains from sale of agricultural land are not taxable under the head Capital Gains.

  • A
    Asghar 2 years ago

    Agicultural land maybe entirely exempt from income tax and it may not be taxed under capital gain.

  • I
    Innyas 2 years ago

    Agricultural land is exempt form tax by FBR.

  • A
    Ayaan 2 years ago

    Such land is not treated as capital asset hence no capital gain taxes are lieved. 

     

  • T
    Tariq 2 years ago

    Agricultural land in Rural Area is not considered a capital asset. Therefore, any gains from its sale are not taxable under the head Capital Gains.

  • A
    Asfand 1 year ago

    Agricultural land in Rural Area is not considered as a capital asset that's why it is exempt by FBR.

  • F
    Faizan 1 year ago

    No, Agriculture land is totally exempt from tax.

  • H
    Haneef 1 year ago

    Under Section 10(37) of the Income Tax Act, Capital Gains on compensation received on compulsory acquisition of urban agricultural land is exempt from tax.

     

     

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