Bought new agricultural land before selling old one? Why Budget 2026 must allow capital gains tax exemption

Individuals and HUFs can get tax exemption on selling urban agricultural land. This benefit applies if the capital gains are reinvested in new agricultural land within two years. The exemption amount is capped by the capital gain or the reinvestment cost. The new Income Tax Act, 2025, continues this provision.

from Tax-Wealth-Economic Times https://ift.tt/4DZimYH