Agricultural income classification revised to exclude buildings near urban limits, altering capital asset treatment and population basis. The amendment excludes income from buildings on or adjacent to land from agricultural income where the land lies within specified aerial distances from municipality or cantonment local limits determined by population bands; it likewise brings similarly situated agricultural land within the definition of capital asset. An Explanation defines 'population' by reference to the last preceding census figures published before the first day of the previous year. The changes take effect from 1 April 2014 and apply to the relevant assessment years.