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Can you claim Section 54F tax exemption on sale of inherited agricultural land? Here's what expert says

Can you claim Section 54F tax exemption on sale of inherited agricultural land? Here's what expert says

Agricultural land is generally not a capital asset unless it falls within urban limits. If taxable as LTCG, Section 54F may allow a deduction for reinvestment in a house, the expert said. 

Agricultural land is generally not a capital asset unless it falls within urban limits. If taxable as LTCG, Section 54F may allow a deduction for reinvestment in a house, the expert said. 
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