Legal Question in Tax Law in India

Income Tax Act of India

wether the amount recived from the sale of standing trees on agricultural land is subject income tax? if yes then how and what is the rate of tax


Asked on 8/17/07, 2:32 am

1 Answer from Attorneys

Homi Maratha N.N. Maratha & Co.-Advocates

Re: Income Tax Act of India

yes if it is only trees then it is taxable

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Answered on 8/18/07, 4:49 am


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