It return: capital gain
This query is : Resolved
27 July 2012
यह कि हमारे द्वारा कृषि भुमि बेची गई हैं जों कि शहर से 16 किलोमीटर दूर पर स्िथत हैं चुंकि यह पुँजीगत लाभ की श्रैणी में नही आता हैं अत: उससे प्राप्त लाभ को हमें रिटर्न में कहॉं पर दर्शाना चाहिए।
31 July 2012
In the return of Income, we have to show Income and Exempt Income both.
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Since Rural Ag. Land is not treated as Capital Gain, the profit arising on sale of Rural Ag. Land is not treated as capital Gains . Though it's not case of Capital Gains, still it is covered under the common and general meaning of exempt income.
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In my view, you can show it under Schedule EI-Exempt Income (Others).
.
.
Since Rural Ag. Land is not treated as Capital Gain, the profit arising on sale of Rural Ag. Land is not treated as capital Gains . Though it's not case of Capital Gains, still it is covered under the common and general meaning of exempt income.
.
In my view, you can show it under Schedule EI-Exempt Income (Others).
.
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