Capital gain for rural agricultural land

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 October 2015 How to treat Capital gain Arising form sale of Rural agricultural land.

13 October 2015 Treat it as exempted income.

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 October 2015 Sir while filling IT return where it should be show ??

can i ignore this income??

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 October 2015 under which section it is exempted??

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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