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

Hello Sir

There is no tax on sale of a rural agricultrural land. It should be situated beyond 8 kms from the municipality. Kindly confirm whether your land fall in the given criteria.

AI Summary

Exemption on sale of rural agricultural land may depend on proximity to the municipality and the land's agricultural status.
Exemption on sale of rural agricultural land depends on (1) the land's agricultural character in revenue records and (2) its proximity to municipal limits; the reply states rural agricultural land is tax-exempt if located beyond the locality-based distance from the municipality and asks confirmation whether the parcel meets that criterion.