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Agriculture land puchases

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(Querist)
14 May 2019 I had an agricultural land which was my name and I sold it and now I want to buy another place and buy it for my wife's name. I would like to have an income tax above my wife, please guide me.

thanks
naitik
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
15 May 2019 IF AGRICULTURE LAND IS IN RURAL AREA THEN NO TAX ARISES IN INCOME TAC
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 May 2019 It will be considered as gift to wife no tax payable.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
15 May 2019 Agree with CA R Seetharaman, same is gift in your wife hand and gift to relative is exempt in IT
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