Tax on farm house

shyam (CA Final Student) (166 Points)

27 February 2014  

DEAR SIR/MADAM,

PLEASE TELL SOMEONE

MR. A LIVING AT LUCKNOW HAS PURCHASED A FARM HOUSE & CONSTRUCTED A HOUSE IN A VILLAGE WHERE THERE IS NO MUNICIPAL AREA. WHETHER THIS FARM HOUSE AND CONSTRUCTED HOUSE IS TAXABLE OR NOT?