The property is known as capital asset, but the agricultural land falls outside it, and profit earned from sale is not considered capital gain. The government of India will tax you on the capital gain ...
Partly cloudy. Slight chance of a shower in the morning and early afternoon. Winds west to southwesterly 15 to 20 km/h tending south to southwesterly 15 to 25 km/h in the morning then becoming light ...