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Rural agricutral land

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(Querist)
17 September 2014 what is tax treatment of sales proceeds from rural agricultural land? in case of long term capital gain and income from other source ... plz advice
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 September 2014 it will be treated as exempted income.
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bishal

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bishal (Querist)
18 September 2014 can u brief the follwing points . how do i show it in total income .



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Nikhil Kaushik

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Nikhil Kaushik (Expert)
18 September 2014 it is shown in exempted income in "EI" sheet of the return. not included in taxable income

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