Agriculture land taxability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 February 2014
Mrs.x purchased a agriculture land for Rs. 17 lacs the stamp duty value of which is 27.50 lacs. Whether prov. of sec 56, taxability as deemed gift will be applicable on agriculture land.
20 February 2014
on purchasing agricultural land there is no application of sec 56?
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