Buying Farm Land in Gujarat

As provided in section 2(6) of Bombay Tenancy and Agricultural Lands Act, agriculturist of other states can not be considered as "Agriculturist' for the purpose of purchasing agricultural lands. Highcourt of gujarat has also held that only those who cultivates the land in gujarat can be called or termed as an agriculturist. However, a company can purchase agricultural lands for "bonafide industrial use" as provided under section 65-B of " Bombay Land Revenue Code". Several companies have purchased lands for bona fide industrial use in gujarat wherein no previous permission of govt.i .e collector is to be obtained.

So far as tax aspect is concerned, your chartered accountant can guide you in a better way

Ans. (1) No, u r not purchase a agriculture land in Gujarat because u r not farmer in Gujarat.

(2) U r purchase a Non - Agriculture land in your company name.  

If you are going to reside in the state sec 62 is not applicable, as ypu own an agri. land anywhere in India. agricultural income is totally  taxfree, you may consult for details to IT experts.

hi any one can help me out i m a farmer of gujarat state i just want to know all rules n law of agriculture land . can i get it online .or is there any book of that .... n what is tukda act?

Dear Dharmendra,

There is an Act called " THE BOMBAY PREVENTION OF THE FRAGMENTATION AND CONSOLIDATION OF HOLDING ACT, 1947" which deals with Tukda (Fragmentation) related matter of the land and its "Akatrikaran" (Consolidation) related matters....

Hope it is the Act you were looking for !!

Regards,

Ajay