Capital gain for rural agricultural land

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Querist : Anonymous

Querist : Anonymous (Querist)

13 October 2015 How to treat Capital gain Arising form sale of Rural agricultural land.

CA R SEETHARAMAN (Expert)
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13 October 2015 Treat it as exempted income.

Querist : Anonymous

Querist : Anonymous (Querist)

13 October 2015 Sir while filling IT return where it should be show ??

can i ignore this income??

Querist : Anonymous

Querist : Anonymous (Querist)

13 October 2015 under which section it is exempted??

CA R SEETHARAMAN (Expert)
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14 October 2015 Section 2 excludes rural agricultural land from the definition of capital asset.
Show it under exempted income in the return.

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