Sale of agricultural land

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 August 2011 Sale of Agricultural land situated in Rural area is taxable.

What is the rule for determining land is in Urban or Rural area.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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04 August 2011 Agricultural land qualifies to be an urban land ( for CG computation ) if it is not situated in any area,

a) 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
b) which does not have a population of 10,000 or more according to the last preceding census which has been published before the 1st day of the previous year in which the sale of land takes place, and it is not situated less than eight kilometres from the local limits of any municipality or a cantonment board.
c) In any area specified by the Government vide Notification NO. 9447, dated January 6, 1994.

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