Agricultural income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2009
If a person having agri. land within 8km of limits and agriincome from such lands is it still considered as agricultural income or not
Aditya Maheshwari
(Expert)
25 November 2009
It will be considered as agricultural income only but the capital gains on trfansfer will not be exempt from tax
25 November 2009
agree
CA Ravi Sisodia
(Expert)
26 November 2009
yes its Agricultural income
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