Capitalgain on rural agriculture land
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2015
One of my clients having Rural agriculture land that was acquired by GOVT compulsory acquisition.
TDS deducted.
he has no other incomes
rural agriculture land is not capital asset
hence it is not covered under capital gain??
where can I show the income while filing..??
is 10(37) applicable or not??
pls Help me in detail..
thanks in advance..
TDS deducted.
he has no other incomes
rural agriculture land is not capital asset
hence it is not covered under capital gain??
where can I show the income while filing..??
is 10(37) applicable or not??
pls Help me in detail..
thanks in advance..
17 July 2015
10(37) is applicable for urban agricultural land.
Show it under exempted income.
TDS not applicable on sale of rural agricultural land, check why TDS deducted.
Show it under exempted income.
TDS not applicable on sale of rural agricultural land, check why TDS deducted.
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