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Question

Krishnan Kutty Kutty's image
Krishnan Kutty Kutty
Dec. 4, 2016, 7:16 a.m.

Sir

 

All types of lands in rural area considered as agricultural land.  I have 1.10 Acre of dry land in rural area  which I am going to sell .  Is it considered as agricultural land.  The land is likely to sell for Rs 30 lakhs.  In such case what are my tax liabilities