Sale of agricultural land
This query is : Resolved
25 September 2015
One of the client has sold agricultural land in kakra village. This village comes under tehsil Modinagar U.P. The distance of modinagar from kakra village is 16km as shown in internet. In registry, it is written that land is outside the local limits but distance is not mentioned. Will it be taxable. How to find the local limit of muncipality. Do we need any certificate. Pls. help.
25 September 2015
Check it up the municipal limits with municipal office. It should be away 8 kms from the municipal limits.
25 September 2015
Agricultural land in India, not being land situate—
a) in any area which is comprised within the jurisdiction of a municipality whether known as a municipality, municipal corporation, notified area committee, town area committee, town committee, or by any other name) or a cantonment board and which has a population of not less than 10000; or
[(b) in any area within the distance, measured aerially,—
(I) not being more than 2 KMs, from the local limits of any municipality or cantonment board referred to in item (a) and which has a population of more than 10000 but not exceeding 100000; or
(II) not being more than 6 KMs, from the local limits of any municipality or cantonment board referred to in item (a) and which has a population of more than 100000 but not exceeding 10,00,000; or
(III) not being more than 8 KMs, from the local limits of any municipality or cantonment board referred to in item (a) and which has a population of more than 10,00,000.
Explanation.—For the purposes of this sub-clause, "population" means the population according to the last preceding census of which the relevant figures have been published before the first day of the previous year;]
Presently AOs are considering aerial distance in KMs for determining the distance.
a) in any area which is comprised within the jurisdiction of a municipality whether known as a municipality, municipal corporation, notified area committee, town area committee, town committee, or by any other name) or a cantonment board and which has a population of not less than 10000; or
[(b) in any area within the distance, measured aerially,—
(I) not being more than 2 KMs, from the local limits of any municipality or cantonment board referred to in item (a) and which has a population of more than 10000 but not exceeding 100000; or
(II) not being more than 6 KMs, from the local limits of any municipality or cantonment board referred to in item (a) and which has a population of more than 100000 but not exceeding 10,00,000; or
(III) not being more than 8 KMs, from the local limits of any municipality or cantonment board referred to in item (a) and which has a population of more than 10,00,000.
Explanation.—For the purposes of this sub-clause, "population" means the population according to the last preceding census of which the relevant figures have been published before the first day of the previous year;]
Presently AOs are considering aerial distance in KMs for determining the distance.
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
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
