Dear Sir/Mam Gudafternun
One Of My Client In Telangana Going For Sale His Agricultural Land Worth Of Rs.10Crores.So As Per Incometax Regulations Income From Agriculture Land Even Capital Gain Also Fully Exempted.So For Getting Full Income Of Such a Sale He Needs To Fullfill Certain Conditions.So Kindly Guide Me For Getting 100% Exemption.He Is Having Following Documents If Anything else Is Required Kindly Let Me Know.
Document Of Stamp Paper Regarding Property
His Pan Card, Adhar Details
He Is Getting Approx 50K-60K Per Anum By Agricultural But Not Disclosing This Income On Every Year.
Patta Book Given By MRO.
Right Of Sale Of Property Given By His Father N It Is Also Registered,No Joint Heirs On the Above Property.
Kindly Give Me Your Precious Advice For His Tax Planning In A Briefly Manner.
Thanking u All.
CAclubindia
