Agricultural land

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pradeep agrawal (Querist)
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17 January 2012 sir
please guide me whether agricultural land situated in urban area (agricultural activity is carried out) is covered as an assets under wealth tax act or not.

shweta bombe

shweta bombe (Expert)
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17 January 2012 IT WILL BE COVERED AS AN ASSET UNDER WEALTH TAX ACT

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 January 2012 Please check the urban land referred in the query comes under the notification 871(E) dated November 11,1993 reported in 205 ITR (St) 1. If Yes, then it is an asset for the purpose of Wealth tax Act,1957.

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pradeep agrawal

pradeep agrawal (Querist)
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17 February 2012 Dear Chackrapani Warrier Sir,
can u give me please details of above notification as we could not locate the same into department website.
regards
ca pradeep agrawal
9827155228

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