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Wealth Tax on Urban Agricultural Land

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(Querist)
13 April 2008 Pls,
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Is Urban Agricultural Land where agricultural activities are regularly carried out is liable for Wealth Tax under the Head "Urban Land"?
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
14 April 2008 urban land situated in specified area(specified area defination given u/s 2(1A) of income tax act applies

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