Wealth Tax on Urban Agricultural Land
This query is : Resolved
13 April 2008
Pls,
Let me Know
Is Urban Agricultural Land where agricultural activities are regularly carried out is liable for Wealth Tax under the Head "Urban Land"?
Let me Know
Is Urban Agricultural Land where agricultural activities are regularly carried out is liable for Wealth Tax under the Head "Urban Land"?
CA Hemant T Dewani
(Expert)
14 April 2008
urban land situated in specified area(specified area defination given u/s 2(1A) of income tax act applies
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