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exemption for purchase of Agricultural land

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(Querist)
08 May 2009 If employee purchased a Agricultural land out of Salary income is there any exemption for income tax?
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Vipul J. Bhavsar

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Vipul J. Bhavsar (Expert)
08 May 2009 Nope.
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CA Avinash Haldia

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CA Avinash Haldia (Expert)
11 May 2009 No. Only in case of capital gains there can be exemption on purchase of agriculture land.



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saikiran

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saikiran (Querist)
13 May 2009 Thanq

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