Taxability of Agriculture land

[Haresh Raithatha]

One of My client an agriculturist has sold his land in FY 2009-10 for ₹ 3080000\- He received the same in inheritance in the year 1963. The Land is used for agricutute purpose since then. The said land is situated within 4 km from Municipal limit.

Please advise and also guide that from which point the municiple limit is to be counted?

AI Summary

Taxability of agricultural land near municipal limits depends on factual factors; seek professional tax advice.
Query whether sale of inherited land used for agriculture since inheritance and situated within four kilometres of the municipal boundary affects taxability, specifically from which point the municipal limit is to be measured; respondent advises professional consultation because multiple factual factors determine tax characterisation.