Sale & Purchase of Agriculture Lands
Series on SALE & PURCHASE OF AGRICULTURAL LANDS Part I By: Sudhakar Dokhane (Past President PEATA (I) For last decade or two, higher income group people residing in urban areas are buying agricultural lands for the purpose of construction of farmhouse, gardening, farming & horticulture; mainly to spend some days in the company of nature. Some time agricultural lands are purchased for business income out of cash crop products, and income tax exemptions on such income. However very few people are aware of the revenue rules, regulations and provisions, and some time land in to troubles if such lands are purchased merely on advice of agents without proper investigations; and advice of legal experts in the field. Following information on the subject will give adequate knowledge while executing transaction of agricultural lands, permissible developments & uses etc.: - CLASSIFICATIONS OF AGRICULTURAL LANDS: The agricultural...