Rural Agricultural land is exempt from tax.

This query is : Resolved

Share Report Follow Query Ask a Query

Ritik Jain

Ritik Jain (Querist)
Follow

20 August 2021 How to find out whether agricultural land is fall in less than 6 or 8 KM of the municipality area??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

20 August 2021 Measure it through approach road from municipal limit.
Measurement of Distance to determine if agricultural land is situated within 8 km of municipal limits
Delhi High Court held in the case of CIT vs. Vijay Singh Kadan that to determine whether the agricultural land is situated within 8 km of the municipal limits so as to constitute a capital asset, the distance has to be measured in terms of the approach road and not by the straight line distance on horizontal plane or as per crow's flight.

Brief of the case- Delhi High Court held in the case of CIT vs. Vijay Singh Kadan that to determine whether the “agricultural land” is situated within 8 km of the municipal limits so as to constitute a “capital asset”, the distance has to be measured in terms of the approach road and not by the straight line distance on horizontal plane or as per crow’s flight.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

efiletax

Aayushi Chauhan

Jeegar Valera

Naresh Dhawan

Rajat Khandelwal

Subscribe Now

Rural Agricultural land is exempt from tax.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA