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Buying agri land

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 December 2010 Hello Expert,
I am planning to buy agricultural land at my home town. I am falling in 30% tax slab.

Can you pls advice me with your valuable inputs:

1. Is there any benefit/drawback in purchasing that land in my name ?

2. Should I purchase this land in my Father's(Sr. Citizen) or wife's name ? since I am falling in 30% slab of income tax.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
02 January 2011 Purchasing a land - no tax implication.
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