Exemption of plot situated in rural area

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..... Exemption of plot situated in rural area
Query (Issue) Started By: - Jasbir Uppal Dated:- 29-8-2019 Last Reply Date:- 4-9-2019 Income Tax
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Income Tax
Dear professionals, Can w .....

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..... e avail the exemption on sale of land which is situated within 15Kms from the jurisdiction of the Municipality and the nature of property in the revenue record as "BHED"(a land which can' .....

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..... ;t be used for agricultural purposes and commercially/residential)? If any legal pronouncements/case laws kindly mention. Thanks & Regards J S Uppal Reply By Neekita Jindal: The Reply: Hello Si .....

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..... r There is no tax on sale of a rural agricultrural land. It should be situated beyond 8 kms from the municipality. Kindly confirm whether your land fall in the given criteria.
Discussion Forum - .....

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..... Knowledge Sharing .....

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