I NEED TO KNOW,ABT THE LAND WHICH IS AT NAGPUR-DISTRICT , TAHSIL HINGANA,AND MAUZA -WADDHAMNA,PURCHASED 40 YRS BACK AS AGRICULTURE LAND,THE SAME LAND WILL COME UNDER AS AGRICULTURE LAND OR NOT? IF YES -THAN HOW AND IF NO THAN WHY NOT IN DETAILS.AND IF ITS COMING UNDER YELLOW ZONE THAN HOW TAX WILL BE CALCULATED,AND WHAT IS CURRENT READY RECNOR RATE IN THAT AREA ?
agriculture land
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Agricultural land status depends on official land records; recorded classification determines status and tax implications. Whether land purchased as agricultural remains agricultural depends on its classification in State and municipal land records; if recorded as agricultural it is treated as such, otherwise the recorded classification governs. Questions about zoning designations and tax calculation, including the applicable ready reckoner rate, likewise depend on official notifications and the municipal/state rate schedules. (AI Summary)
TaxTMI
TaxTMI