Profit on sale of agricultural land outside specified area.

lucky (article) (65 Points)

17 March 2015  
ok so my query is how should profit on sale of agricultural land outside specified/notified are to be dealt with... as it is not within the meaning of capital asset and hence not chargeable to capital gain tax , should the profit be exempt from taxation(even though it is non agriculture income) or it should be included in income from other sources and normal taxation be charged.