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Rural agriculture land

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(Querist)
08 March 2018 I m selling rural agriculture land for 40 lacs. Amount is received trough Cheque.. Is any tax liability generetad from such sale?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
09 March 2018 if the land is covered as agricultural land as per Income-tax definition, then no tax is payable

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