Exemption Claim u/s 54B: Land Need Not Be Agricultural Entire Two Years Before Transfer Date.

Exemption Claim u/s 54B: Land Need Not Be Agricultural Entire Two Years Before Transfer Date. https://www.taxtmi.com/highlights?id=20522 For the claim of exemption u/s 54B, it is not necessary that the land should have been used for agricultural purposes for full two years immediately preceding the date of transfer and that it is sufficient if it was so used in the whole of the preceding year and for some days in the year earlier to preceding year - AT en-us Fri, 31 Oct 2014 08:06:22 +0530 Fri, 31 Oct 2014 08:06:22 +0530 TaxTMI RSS Generator Exemption Claim u/s 54B: Land Need Not Be Agricultural Entire Two Years Before Transfer Date. https://www.taxtmi.com/highlights?id=20522 For the claim of exemption u/s 54B, it is not necessary that the land should have been used for agricultural purposes for full two years immediately preceding the date of transfer and that it is sufficient if it was so used in the whole of the preceding year and for some days in the year earlier to preceding year - AT Highlights Income Tax Fri, 31 Oct 2014 08:06:22 +0530 https://www.taxtmi.com/highlights?id=20522