Sale of agricultural land to the govt as covered by the Comprehensive Agrarian Reform Law is exempt
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Question:
Sale of agricultural land to the govt as covered by the Comprehensive Agrarian Reform Law is exempt from capital gain tax , a. if the sale is resulting to gain b. if sale is resulting to a loss c. regardless if the sale is resulting to gain or loss d. if the zonal value is higher than the selling price.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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