tipto

What are the benefit of buying a farmhouse? In terms of tax saving etc?

What is the minimum size required for a farmhouse to be eligible for agriculture tax benefit etc?
How much construction should be there on a farmhouse?
How far it should be from city limits?

Ravi C

Hi, the farmhouse benefits would be you can use it for renting out to tourists.
The agriculture tax would come into foray when you decide to use it for agricultural purpose. Check the following site - Agricultural Income « Indian Tax Guide
Construction depends upon you. Its your land and you can cover all your area. Basically people keep open space for recreational activities.
The location preferred is outer city, about 40 to 50 km away.
good luck