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Agri land selling

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(Querist)
10 February 2014 if agricultural land is sold there is any tax payment is require on that.if yes how we less it.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
10 February 2014 Well if it is agriculture land as per section 2(1a) then no tax is applicable.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
14 February 2014 it should be agricultural land as per govt records first and then it must fit in def of sec 2(1A)
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