Is there any taxation if someone owns a agriculture land in state of gujarat ?
**Victim** (job) 03 May 2012
Is there any taxation if someone owns a agriculture land in state of gujarat ?
arpan (advocate) 03 May 2012
In India income generated form agricultural land is non taxable, if the agricultutral land is not a capital asses within the definition u/s 2(14) income tax act the sale of such land is as well exempted from tax.
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