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Tax on purchase of aricultural land

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(Querist)
11 May 2014 suppose I earn some money in a year and then invest it in agricultural land. Do that money is chargeable to tax?
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pranav

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pranav (Expert)
12 May 2014 yes, if the nature of income is chargeable to tax it would be taxed. however if conditions are satisfied then income from agriculture wont be taxable

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