Sec 54b
This query is : Resolved
12 September 2012
in sec 54B it was said that the land was used for agricultural purpose...what is meant by agricultural purpose??
whether this means that in the preceeding 2 years showing of agricultural income is compulsory in the return of income??
please clarify..............
whether this means that in the preceeding 2 years showing of agricultural income is compulsory in the return of income??
please clarify..............
12 September 2012
No such compulsion. The intention of the assessee plays a prime role under such circumstances. Please elaborate your query.
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