Exemption of plot situated in rural area

[Jasbir Uppal]

Dear professionals,

Can we avail the exemption on sale of land which is situated within 15Kms from the jurisdiction of the Municipality and the nature of property in the revenue record as 'BHED'(a land which can't be used for agricultural purposes and commercially/residential)?

If any legal pronouncements/case laws kindly mention.

Thanks & Regards

J S Uppal

AI Summary

Clarification on Tax Exemption: Land within 15km of Municipality May Not Qualify as Rural Agricultural Land A query was raised about the tax exemption eligibility for selling land classified as 'BHED,' located within 15 kilometers of a municipality. The inquirer sought legal precedents or case laws regarding this matter. In response, it was clarified that rural agricultural land is exempt from tax if it is situated beyond 8 kilometers from the municipality. The responder advised confirming if the land meets this criterion to determine exemption eligibility.