| Question And Answer | |
|---|---|
| Subject: | Purchase of agriculture land transaction |
| Category: | Income-Tax |
| Querist: | Kollipara sundaraiah |
| Answered by: | Law Intern |
| Tags: | Agricultural land |
| Date: | November 28, 2025 |
Sir,
One of the female non business itr returns non filed person purchase of agriculture land value rs:25 lacs f.y.25-26
Question;
Assessess ITR returns filed compulsory and purchase of assets any limit above it returns compulsory in it act
There is no specific threshold in Section 139(1) that makes ITR compulsory solely based on purchasing assets like immovable property (land/building).
However, if the purchase involves TDS deduction (e.g., u/s 194-IA for non-agricultural immovable property more than ₹50 lakhs), there could arise an obligation to file a return.
In the present case, as agricultural land is exempt from TDS u/s 194-IA, no TDS applies and there is no obligation to file a return.
Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor itatonline.org and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of itatonline.org