Applicability of TDS in case of purchase of agriculture land cost exceeds 50 lakhs
This query is : Resolved
Venkateshwarlu Pulluri
(Querist)
19 March 2024
Sir/s,
please let me clarify, that applicability of TDS in case of purchase of agriculture land cost exceeds 50 lakhs
please let me clarify, that applicability of TDS in case of purchase of agriculture land cost exceeds 50 lakhs
Mayur Gondaliya
(Expert)
22 March 2024
Agricultural land means agricultural lands in India, not being a land situated in any area referred to in section 2(14)(iii)(a)/(b).
Following Land will not we treated as Agriculture land if:
If the land is situated with in jurisdiction of municipality or cantonment Board where Population of not less than 10000 or
Agricultural Land Is Not Immovable Property for said section, hence no TDS
Following Land will not we treated as Agriculture land if:
If the land is situated with in jurisdiction of municipality or cantonment Board where Population of not less than 10000 or
Agricultural Land Is Not Immovable Property for said section, hence no TDS
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