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)
Follow

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.

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

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

Anant Kuber

MAYANK

jayaraman

swaminathan

YARRAMREDDY M

Subscribe Now

Sale of agricultural land

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANCY

GST CONSULTANT

Accountant

Senior Executive

Manager- Finance and Compliance