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I have inherited a piece of agricultural land that my father bought in 1990 for Rs 2 lakh. I want to sell it now at Rs 25 lakh. How much tax will I need to pay?

The tax depends on the location of the land. If it does not qualify as agricultural land for income tax purposes, the profits made will be taxable in the seller’s hand either short term or long term depending on the holding period

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Balwant Jain , Income Tax , High Courts , Agricultural Land , Income Tax , Senior Citizen , Capital Asset ,

Best tax-saving investment options for salaried for FY2023-24 - Income Tax News

Best tax-saving investment options for salaried for FY2023-24 - Income Tax News
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Adhil Shetty , Balwant Jain , Public Provident Fund , National Savings Certificate , Income Tax Act , Equity Linked Savings Scheme , Senior Citizen Savings Scheme ,