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.

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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.

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