Income tax
This query is : Resolved
Satish Kumar
(Querist)
29 May 2013
Dear Sir
I have sold a agricultural land for Rs.1.5 Lac. Is this 1.5 Lac is to be added to my income while filing the income tax return.
Need your opinion.
Regards
Satish Kumar
I have sold a agricultural land for Rs.1.5 Lac. Is this 1.5 Lac is to be added to my income while filing the income tax return.
Need your opinion.
Regards
Satish Kumar
CMA Ramesh Krishnan
(Expert)
29 May 2013
Need to compute the capital gain for the sale of Rs.1.50 lakhs and only gain portion need to add to income, not total Rs.1.5 lakhs
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Azmathullah Khan
(Expert)
30 May 2013
Yes, you need to show under capital gain
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