Anuj owned land measuring 2 hectares and carried on agricultural operations. The land would be treated as agricultural land and not capital asset if it is within the aerial distance of __________ kms from the local limit

The official key records '*'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: As per provision of section 2(14) of the Income Tax Act, 1961, Capital assets does not include agriculture land in india not being land situate in any area within the distance, measured aerially, not being more than eight kilometres, from the local limits of any municipality or cantonment board and which has a population of more than ten lakh. The question has used the word agriculture land and capital assets. Since, the land fall under the difinition of agriculture land but not under the definition of capital assets and therefore none of the options are correct.