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Sale of agricultural land (exempt or taxable)

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(Querist)
15 December 2014

Is sale of agricultural land exempt in the hands of assesse?

Assesse: Company
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CA VISHWAKEERTHI.P.S.

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CA VISHWAKEERTHI.P.S. (Expert)
15 December 2014 Not taxable if not covered under the definition of 2(14) of the income tax act.
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Vishal Nahata

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Vishal Nahata (Querist)
16 December 2014 Thank you..
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