Tax nLiabilitiy
This query is : Resolved
03 December 2010
If a person wants to sale his/her agricultural land(which is situated in rural area) for Rs. 1cror. what will be the tax laibility of that person?
03 December 2010
No tax liability.
Aditya Maheshwari
(Expert)
03 December 2010
If sale of land is in rural area as per Income Tax act then no liability.
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