Which of the following lands is to be treated as urban agricultural land:

CS Executive · Tax Laws · PYQS · December 2022

(A) A land situated at area 10 km. from the municipality having population exceed 10,00,000

(B) A land situated at area 3 km. from the municipality having population exceed 1,00,000 but not exceed 10,00,000

(C) A land situated at area 7 km. from the municipality having population exceed 1,00,000 but not exceed 10,00,000

(D) A land situated at area 3 km. from the municipality having population exceed 10,000 but not exceed 1,00,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961