Buying flat on agricutural land sold amt.
This query is : Resolved
13 December 2021
Dear Sirs, Pls guide my below query :
I have purchased flat (FY-2021-22) from rural agricultural land sold amout (FY-2021-22). And Flat cost is more than Agr. Land Amt. Is this correct considering Income-tax rule/act?
Request u to kindly guide in detail
I have purchased flat (FY-2021-22) from rural agricultural land sold amout (FY-2021-22). And Flat cost is more than Agr. Land Amt. Is this correct considering Income-tax rule/act?
Request u to kindly guide in detail
14 December 2021
Yes, this is correct as per income tax rules.
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