File itr us 148 while sold of agri land
This query is : Resolved
VIKAS KUMAR SHARMA
(Querist)
20 April 2018
HOW TO FILE ITR AY 2011-12 US 148 WHILE CLIENT HAD SOLD AGRI. LAND ANCESTRAL(NEED TO SHOW CG WHILE ITS NOT CAPITAL ASSEST) OR WHERE SHOW SOLD AMOUNT IN ITR ? PLEASE HELP..... 22-04 NEED TO PROVIDE TO CLIENT ITR
21 April 2018
No column in ITR to show this. File NIL return and on appearance for 143(2) notice, submit detailed computation.
VIKAS KUMAR SHARMA
(Querist)
21 April 2018
thank you very much Sir
can show agri sold land amount Rs 142417 under exempt income (others). and earned interest on saving account Rs. 1639 under other source income ?
can show agri sold land amount Rs 142417 under exempt income (others). and earned interest on saving account Rs. 1639 under other source income ?
21 April 2018
No, because it is not an 'exempted income', but a non taxable income derived from an 'excluded capital asset'.
VIKAS KUMAR SHARMA
(Querist)
21 April 2018
Sir, thank you very much
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