Whether Agricultural Land is treated as Asset under Wealth Tax Act? If yes, whether it can be claimed as Exempt Asset?
Whether Agricultural Land is treated as Asset under Wealth Tax Act? If yes, whether it can be claimed as Exempt Asset?
Dear Somaas,
Agricultural land situated in urban area is not liable to wealth-tax.
Regards,
Devendra. K
Thanks....
O P Bagla & Co LLP
New Delhi
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T R SOOD & CO
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