https://www.taxtmi.com/forum/issue?id=1988 Agricultural land is excluded from the definition of capital asset for income tax purposes; land situated within certain municipal or cantonment jurisdictions or within proximate areas specified by the Central Government by notification does not qualify as agricultural land, and such notified areas are determined having regard to urbanisation and other relevant considerations. en-us Sat, 12 Jun 2010 18:56:55 +0530 Thu, 23 Jan 2025 15:58:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1988 Agricultural land is excluded from the definition of capital asset for income tax purposes; land situated within certain municipal or cantonment jurisdictions or within proximate areas specified by the Central Government by notification does not qualify as agricultural land, and such notified areas are determined having regard to urbanisation and other relevant considerations. Discussion-Forum Income Tax Sat, 12 Jun 2010 18:56:55 +0530 https://www.taxtmi.com/forum/issue?id=1988