CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 19 March 2012
Der is no taxation but and exemption is provided under sec10(1).
There is nothing called rural or urban agricultural land...its jus says agriculture income wther frm rural or urban agricultural land is not chargeable to tax.
If the income is not agricultural income as defined den no exemption is availble and it is taxable.
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