54b
This query is : Resolved
dilawar khan
(Querist)
06 November 2014
I sold my agricultural land in this year F. Y.
And I purchased another agricultural land in next F. Y.
Should I have to show the income in this F. Y. Or in the subsequent year.
Nikhil Kaushik
(Expert)
06 November 2014
you would show the income in current year (year in which the land is sold) and claim exemption under section 54B
Nikhil Kaushik
(Expert)
06 November 2014
you would show the income in current year (year in which the land is sold) and claim exemption under section 54B
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