PURCHASE OF AGRICULTURAL LAND BY HUF

Dharmender kumar Jha (Accountant) (208 Points)

15 October 2019  
Hii Everyone,
A karta of HUF mainly doing business trading in textiles, wants to buy a Agrucultural land .

I want to know what will be the impact on his Income Tax return.

can huf buy a agriculture land...? If yes than How it will be get treated on Income Tax...?

Thanks