ICICI

PURCHASE OF AGRICULTURAL LAND BY HUF


Dharmender kumar Jha (Accountant)     15 October 2019

Dharmender kumar Jha
Accountant 
 5 likes  95 points

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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

avater

Kapadia Pravin   15 October 2019

Kapadia Pravin

 694 likes  10981 points

View Profile | My Other Post

Agri Land can be purchased by existing Agri Land owner or his descendents.
New persons can't purchase Agri Land.


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