Hii Everyone,
A karta of HUF mainly doing business trading in textiles, wants to buy a Agrucultural land .
I want to know what will be the impact on his Income Tax return.
can huf buy a agriculture land...? If yes than How it will be get treated on Income Tax...?
Thanks
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PURCHASE OF AGRICULTURAL LAND BY HUF
Replies (1)
Agri Land can be purchased by existing Agri Land owner or his descendents.
New persons can't purchase Agri Land.
New persons can't purchase Agri Land.
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