Purchase of Agricultural land in Karnataka
1 year ago
Can one buy agricultural land if income is > INR 25 lakhs? Can a group of people with income greater than INR 25 lakhs form a society to buy agricultural land
A.Dear client,
If your maximum income is 25 lakhs, then you can buy the land. If you an agriculturist, you can buy the land, but if your income is > 25 lakhs, then you will be considered as a non-agriculturist.
If your maximum income is 25 lakhs, then you can buy the land. If you an agriculturist, you can buy the land, but if your income is > 25 lakhs, then you will be considered as a non-agriculturist.
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A.Dear Sir,
Anyone with a maximum income of 25 lakh per year from non-agricultural sources is permitted by law to buy agricultural land, irrespective of their family origin. Previously, the income limit was Rs 2 lakh, but it was raised to Rs 25 lakh in June 2015.
Anyone with a maximum income of 25 lakh per year from non-agricultural sources is permitted by law to buy agricultural land, irrespective of their family origin. Previously, the income limit was Rs 2 lakh, but it was raised to Rs 25 lakh in June 2015.
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