Documents required to prove rural agriculture land ?
This query is : Resolved
Ankit Gupta
(Querist)
12 April 2019
Hi sir,
In Sep 2018, I had sold a farm that I had inherited through my grandfather. It fulfills the criteria of being a 'Rural Agriculture Land' as per the Section 2(14) in The Income- Tax Act, 1961. So I am not liable to pay any long term capital gain tax. So, can you please guide me what all documents will I need to furnish to prove that the land which I sold was a rural agricultural land and not an urban agriculture land. Thanks in advance.
In Sep 2018, I had sold a farm that I had inherited through my grandfather. It fulfills the criteria of being a 'Rural Agriculture Land' as per the Section 2(14) in The Income- Tax Act, 1961. So I am not liable to pay any long term capital gain tax. So, can you please guide me what all documents will I need to furnish to prove that the land which I sold was a rural agricultural land and not an urban agriculture land. Thanks in advance.
Nikhil Kaushik
(Expert)
14 April 2019
8/12 document establishes the nature of the land. So refer to that or the tehsildar/talati's land records. Unless these documents suggest that the land was rural agricultural land, you cannot claim that it was exempt from taxes.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Whether output tax is taken credit by purchaser
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
