Purchase or acqusition of agricultural or Industrial Land

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..... One of my client being a HUF resident of Ahmedabad in Gujarat. He is regular IT Assesse.The sources of income are FDR Interest and Commission Income. Now He wants to purchase/acquire an Agricultur .....

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..... al land/Industrial Land in the name of HUF in Gujarat i.e. near by Ahmedabad. whether he can do or not as per law or Act. The basis purpose is to make a rent agreement in future with any Male .....

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..... Individual member for giving such land on rent for setting up a manufacturing project after conversion in non agricultural so that rental income will arise to HUF as source of income under House Prope .....

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..... rty Head. Please reply with reason whether this can be possible as per law or Act or not particularly in Gujarat State. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Whether you have got cla .....

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..... rified in the above issue? If not please inform. - Purchase or acqusition of agricultural or Industrial Land - Query Started By: - SANJAY BAHETI Dated:- 15-11-2014 Income Tax - Got 1 Reply - Income .....

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..... Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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