Tax on Agricultural land sold

Q & A Forum › Category: Real Estate › Tax on Agricultural land sold

swamy asked 9 years ago

Hi Sreekanth, My brother sold his agricultural land after he purchased after 8 years.My brother's income is less than 2 lakhs/annum.My brother got 30 lakhs through agri land sale. He like to buy Agri land qith 10 lakhs near to his village and 10 lakhs to clear his debts and 10 for fixed deposits. How much my brother has to pay the tax? Thanks Ramesh

1 Answers

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Sreekanth Staff answered 9 years ago

Dear Ramesh, Kindly go through below article & you may revert to me if you have any more queries: http://www.relakhs.com/agricultural-income-land-tax-treatment/