sale of HUF property

Querist : Anonymous (Querist) 30 May 2011 This query is : Resolved
I want to know, if the sale proceeds from HUF is taxable. It is not in the municipality limits. I am a salaried person and pay Income tax.

Follow Query

Report Abuse

A V Vishal (Expert) 30 May 2011
What is the type of property?

Querist : Anonymous (Querist) 30 May 2011
It is an agricultural Land.

Querist : Anonymous (Querist) 30 May 2011
The owner is an agriculturist.

A V Vishal (Expert) 30 May 2011
Sale of agricultural lands don't attract taxes.

Guest (Expert) 02 June 2011
Tax exempted.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Cheque bounce case
Overhead water tank
Wrongfully name removed from pr card
Lost property agreement need non traceable certificate
How i won a million dollars
Marriage with relative
Can society ask for additional maintenance charges
Honestly... dr. excellent spells work, his genuine
most powerful love spells that work fast and effectively
real and powerful spell that works perfectly

Vacation judge
Legal notice used for harrasment
Settlement
What is the meaning of possession (legally) of apartment
Is advocate guilty?
Advocate�s duty to justice apply to the pre-litigation ?
Legal opinion on baseless legal notice and law
Dismissals due to defective legal notices
Legal notice content
Validity of legal notice.....