Purchase or acqusition of agricultural or Industrial Land

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..... Purchase or acqusition of agricultural or Industrial Land
Query (Issue) Started By: - SANJAY BAHETI Dated:- 15-11-2014 Last Reply Date:- 15-1-2016 Income Tax
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Income Tax
One of .....

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..... 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 Agricultural land/ .....

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..... 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 Individual m .....

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..... ember 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 Property Head. .....

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..... 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 clarified in the above .....

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..... issue? If not please inform.
Discussion Forum - Knowledge Sharing .....

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