{"id":22475,"date":"2021-11-12T10:09:36","date_gmt":"2021-11-12T04:39:36","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=22475"},"modified":"2021-11-19T05:54:12","modified_gmt":"2021-11-19T00:24:12","slug":"applicablity-of-section-562viib-on-purchase-of-rural-agricultural-land-a-y-2014-15","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/applicablity-of-section-562viib-on-purchase-of-rural-agricultural-land-a-y-2014-15\/","title":{"rendered":"Applicablity of Section 56(2)(vii)(b) on purchase of rural agricultural land -A.Y.2014-15"},"content":{"rendered":"<p>Rural agricultural land purchased as per documents at Rs. 9,00,000\/- and DLC rate was 37,00,000\/- (Local stamp duty rate). AO made addition of this difference u\/s 56(2)(vii)(b). whether AO&#8217;s action is correct when rutal agricultural agricultural land is not subject to capital gain in thehands of saller. Kindly quote case laws on the subject.<\/p>\n<p>Smilar situation is in the A.Y. 2015-16,2016-17 and 2017-18. Kinly guide.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[139],"qa_category":[23],"qa_tag":[87,46,208],"class_list":["post-22475","qa","type-qa","status-publish","hentry","qa_expert-research-team","qa_category-income-tax","qa_tag-agricultural-income","qa_tag-agricultural-land","qa_tag-stamp-valuation"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/22475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=22475"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22475"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=22475"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=22475"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=22475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}