Agriculture land condition

I am from u.p and i want to ask one thing that if any land which is used for producing product from the beginning....but now i want to sold this... any capital gain liability  arise on this or not....i know that agriculture income exempt from tax...but what is the condition must be required for calling a land as a "agriculture land"..
Asked 2 years ago in Capital Gains Tax from Badaun, Uttar Pradesh
First evidence is what is the classification of land in revenue records. Secondly whether it is subjected to land revenue as agricultural land.
Vijay N. Kale
CA, Hyderabad
248 Answers
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Section 10 (1) exempts agricultural income from rural areas exempt from tax. from A.Y.2014-15 the definition of Rural Area has been modified. It depends on the population of that Muncipality.

From Assessment year 2014-2015 Rural area means
Any area which is outside the jurisdiction of a municipality or cantonment board having a population of 10,000 or more is considered Rural Area, if it does not fall within distance(to be measured aerially) given below – 

2kms from local limit of municipality or cantonment board, if population of such board is more than 10,000 but not more than 1lakh
6kms from local limit of municipality or cantonment board,If the population such board is more than 1lakh but not more than 10 lakh
8kms from local limit of municipality or cantonment board,if the population of such board is more than 10lakh
Shyam Sunder Modani
CA, Hyderabad
1408 Answers
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