capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 March 2010
I have sold rural agriculture land. Amount received by me of Rs. 1.5 Crs is deposited in saving account. Now I want to spend this amount as per my desire. Can i do like that ? can I.T. Dept. interfere or not ?
19 March 2010
no
19 March 2010
agriculture income is exempted for income tax, then you have no problem.
But if you have any other taxable income then agriculture income is also consider for tax computation purpose.
But if you have any other taxable income then agriculture income is also consider for tax computation purpose.
19 March 2010
No Problem
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