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Taxability of Agriculture land, Income Tax

Issue Id: - 111482
Dated: 8-2-2017
By:- Haresh Raithatha
Taxability of Agriculture land

  • Contents

One of My client an agriculturist has sold his land in FY 2009-10 for ₹ 3080000\- He received the same in inheritance in the year 1963. The Land is used for agricutute purpose since then. The said land is situated within 4 km from Municipal limit.

Please advise and also guide that from which point the municiple limit is to be counted?

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Showing Replies 1 to 1 of 1 Records

1 Dated: 10-2-2017
By:- MARIAPPAN GOVINDARAJAN

It is better to consult a consultant since various factors are to be taken into account.


1

Old Query - New Comments are closed.

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