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Income tax on proceeds on sale of agricultural lands, Income Tax |
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Income tax on proceeds on sale of agricultural lands |
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Dear Learned Friends, Kindly clarify the following query. As far as I know, sale proceeds received by an Individual on selling agricultural lands are not to be taxed if such lands are situated at more than 8 kilo meters from a Municipality having a population of not more than 10,000.It seems there are some changes in respect of the distance and population, brought forth in the recent budget 2014. I hear from some quarters that the distance to be considered is distance by Air and not by road. I will be much obliged if I get this clarified. Regards, KS Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Whether you have got clarified in the above issue? If not please inform. Page: 1 Old Query - New Comments are closed. |
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