Dear Sir,
I hav selected an agricultural land near Bangalore, Karnataka, which i want to buy. It is a Govt granted land to SC in 1972. Broker is telling that after the permission from the Deputy Commissioner one can buy.It is less than an acre,.
I am a self emplyoed professional and i come under 3rd slab of Income tax. My father had a agri land of 5 acres in Karnataka. Both of my parents are no more.
1. My son is in abroad aged 27,, and his income tax returns of india fall under less than 2 lakhs. Can i buy in his name?
or
2 My father in law is a senior citizen aged 89, having income tax returns less than 2 lakhs.
or
3. Whether i can buy after having converted it into non agricultural land? For which i should apply or the seller has to apply? Pl advise
Geetha (52 years)
