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Exemption Criteria for Rural Agriculture Land u/s. 2(14) of Income Tax Act, 1961

  Sr. No. Population as per last census Distance from limits of Municipality 1 Less than 10,000 Within the limits of municipality 2 More than 10,000 up to 1,00,000 More than 2 kms from local limits of municipality 3 More than 1,00,000 up to 10,00,000 More than 6 kms from local limits of municipality 4 More than 10,00,000 More than 8 kms from local limits of municipality At present, the Census 2011 is in force. If a new Census is published in the future, the population figures from the latest Census published before the start of the financial year in which land is sold, will be used to determine distance criteria for exemption.   Municipality (whether known as municipality, municipal corporation, notified area committee, town area committee, town committee, or by any other name) or a cantonment board