Sale of urban agricultural land
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2013
FACTS
1. agreement to sale done in 2011
2. sale consideration received in 2013
3. the buyer used the asset for commercial purpose
4. sale deed not yet happened
Queries:
1. will it be treated as sale of agricultural land or sale of commercial land?
2. what will be the date of transfer?
1. agreement to sale done in 2011
2. sale consideration received in 2013
3. the buyer used the asset for commercial purpose
4. sale deed not yet happened
Queries:
1. will it be treated as sale of agricultural land or sale of commercial land?
2. what will be the date of transfer?
20 September 2013
It will no be treated as an agriculture land and date of transfer will be the year of receipt of consideration.
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