Rural agriculture land
This query is : Resolved
Gourav dewangan
(Querist)
08 March 2018
I m selling rural agriculture land for 40 lacs. Amount is received trough Cheque.. Is any tax liability generetad from such sale?
Nikhil Kaushik
(Expert)
09 March 2018
if the land is covered as agricultural land as per Income-tax definition, then no tax is payable
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