exemption for purchase of Agricultural land
This query is : Resolved
08 May 2009
If employee purchased a Agricultural land out of Salary income is there any exemption for income tax?
Vipul J. Bhavsar
(Expert)
08 May 2009
Nope.
CA Avinash Haldia
(Expert)
11 May 2009
No. Only in case of capital gains there can be exemption on purchase of agriculture land.
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