Income tax on agricultural land which now comes under municipality on saleity

Share This Thread
  1. santosh anjani

    santosh anjani New Member

    Dear Sir,

    Please find my below cases and help me out -

    • My father purchased 3 acre of agricultural land in 2001 and paid complete amount of PF through cheque on same time against 3 acres of land.
    • 2 acres of land got registered immediately in 2001 and 1 acre was left due to negligence.
    • Now this 1 acre of land came under municipality with defined circle rate.
    • Now we are requesting the seller to register the left over land against the last payment of 2001.
    • Seller is charging the income tax amount from us against its land registry. Is this tax charges justifiable?
    • If no then under which section?
    • If yes then how we can get it waived off.
    Please provide me the solution for same.

    Best regards,

    Santosh Anjani
    New Delhi
Draft saved Draft deleted
Similar Threads Forum Date
Relating income tax on sale of agricultural land Income Tax Dec 7, 2016
Regarding agricultural Income Income Tax Nov 20, 2016
Can Income Tax be saved by Investing in Agricultural Land? Income Tax Sep 26, 2016
Agricultural Income Which I.T form to be used Income Tax Aug 27, 2015
Purchasing Agricultural Land by selling Plot - Income Tax applicable? Income Tax Aug 26, 2015