Why Sale of Agriculture Land not Agriculture Income for Rate Purpose ?

Print Friendly, PDF & Email

sale of agriculture landThis post is on account fo a tax query by a premium member of thsi site . His main question is in Forum for Tax Q & A . So, the issue is if you sale an agriculture land which is not capital asset as defined u/s 2(14) of the Income Tax Act , should you include the income with other income for rate purpose ? In my considered opinion , the sale of agriculture land can not be taken for rate purpose ?

This content is for annual and Semi Annual members only.
Log In Register