3. Agricultural land which is not a Capital Asset





3. Agricultural land which is not a Capital Asset


Precisely wanted to understand that for rural agricultural land, which is not treated as capital asset & considered as stock in trade...

Now, in case of under value registration, tax treatment will be:

For seller: No gain tax on rural agricultural land

For buyer: How will be the tax tax treatment on difference of circle rate & registration value ??

will this be taken as, now stock in trade (rural agricultural land) is getting transferred to buyer ?

Or

Tax will be applicable ? difference of circle rate & registration value will be taken as income from other sources ?
if any change in area what we will do?
thanks for........................xlnt classss


3259 | 17 | 5m 41s



Agro Space


Agricultural economics refers to economics as it relates to the "production, distribution and consumption of [agricultural] goods and services".

The word agriculture is a late Middle English adaptation of Latin agricultūra, from ager, "field", and cultūra, "cultivation" or "growing".