ayusmita (Tax consultant) 28 November 2020
As per incometax act section 2 sub section 14 the terms capital asset is not included in agriculture land in india
Vidit Seth (Practicing CA) 28 November 2020
There is a specific definition of Rural Agriculture Land in section 2(14)(a) and (b) if you are covered under it the land might be Urban Agricultural Land and taxable.
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