Poonawalla fincorp
Poonawalla fincorp

Agriculture land puchases

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 May 2019 I had an agricultural land which was my name and I sold it and now I want to buy another place and buy it for my wife's name. I would like to have an income tax above my wife, please guide me.

thanks
naitik
Profile Image

CA Rashmi Gandhi

Profile Image

CA Rashmi Gandhi (Expert)
15 May 2019 IF AGRICULTURE LAND IS IN RURAL AREA THEN NO TAX ARISES IN INCOME TAC
Profile Image

CA R SEETHARAMAN online

Profile Image

CA R SEETHARAMAN online (Expert)
15 May 2019 It will be considered as gift to wife no tax payable.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Rashmi Gandhi

Profile Image

CA Rashmi Gandhi (Expert)
15 May 2019 Agree with CA R Seetharaman, same is gift in your wife hand and gift to relative is exempt in IT

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links