Tax on Agricultural landPosted In CategoryLaws and Regulations
SSubhan 2 years ago
Is there any tax on Agricultural land?
UUmair 2 years ago
Agricultural land is not considered as caital asset.
AAsmaan 2 years ago
Any gains from sale of agricultural land are not taxable under the head Capital Gains.
AAsghar 2 years ago
Agicultural land maybe entirely exempt from income tax and it may not be taxed under capital gain.
IInnyas 2 years ago
Agricultural land is exempt form tax by FBR.
AAyaan 2 years ago
Such land is not treated as capital asset hence no capital gain taxes are lieved.
TTariq 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.
AAsfand 2 years ago
Agricultural land in Rural Area is not considered as a capital asset that's why it is exempt by FBR.
FFaizan 2 years ago
No, Agriculture land is totally exempt from tax.
HHaneef 2 years 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.