Agriculture Land Sale Question Answered !

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Agriculture land shown in balance sheet of a proprietorship or any business entity as business asset  does not change its nature.Income tax law provides that when the question of taxing sale of agriculture land arises, first thing to check is whether the agriculture land is capital asset as defined under section 2(14) of the  Income…

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About Prashant Thakur
The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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