Land Sold Remains Agricultural for Tax Purposes Despite Non-Agricultural Use by Purchaser.

Land Sold Remains Agricultural for Tax Purposes Despite Non-Agricultural Use by Purchaser. https://www.taxtmi.com/highlights?id=57187 Nature of land sold after plotting - Agriculture land or not - Merely for the reason that no agricultural operations was carried out during the period and subsequent use of land for non-agricultural operations by the purchaser, cannot change characteristic of the land being agricultural land as nonagricultural land - AT en-us Tue, 16 Mar 2021 12:23:24 +0530 Tue, 16 Mar 2021 12:23:24 +0530 TaxTMI RSS Generator Land Sold Remains Agricultural for Tax Purposes Despite Non-Agricultural Use by Purchaser. https://www.taxtmi.com/highlights?id=57187 Nature of land sold after plotting - Agriculture land or not - Merely for the reason that no agricultural operations was carried out during the period and subsequent use of land for non-agricultural operations by the purchaser, cannot change characteristic of the land being agricultural land as nonagricultural land - AT Highlights Income Tax Tue, 16 Mar 2021 12:23:24 +0530 https://www.taxtmi.com/highlights?id=57187