Income tax
This query is : Resolved
11 August 2014
a person sold his agricrulure land for Rs. 22 lakhs. this is not taxable .
now is their any obligation on part of the assesse to disclose the property sold in his income tax return .
now is their any obligation on part of the assesse to disclose the property sold in his income tax return .
12 August 2014
yes it is be disclosed as exempt income in ITR2 or ITR4 as might be the case
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