Itr related query
This query is : Resolved
Mukesh Karyani
(Querist)
27 August 2018
ONE OF MY CLIENT SOLD HIS RURAL AGRICULTURAL LAND APPROX RS 7000000.
RURAL AGRICULTURAL LAND IS EXEMPT FRO CAPITAL GAIN CONTEXT. MY QUESTION IS THIS NECESSARY TO SHOW SUCH EXEMPT AMOUNT IN RETURN, HE HAVE ONLY INTEREST INCOME OF RS 25000 IN FY 2017-18.
WHICH RETURN IS TO BE FILL FOR INCOME. PLEASE ANSWER
THANKS & REGARDS
RURAL AGRICULTURAL LAND IS EXEMPT FRO CAPITAL GAIN CONTEXT. MY QUESTION IS THIS NECESSARY TO SHOW SUCH EXEMPT AMOUNT IN RETURN, HE HAVE ONLY INTEREST INCOME OF RS 25000 IN FY 2017-18.
WHICH RETURN IS TO BE FILL FOR INCOME. PLEASE ANSWER
THANKS & REGARDS
28 August 2018
Better to Show the Details in ITR. Bcoz, It's good for future reference.
Dhirajlal Rambhia
(Expert)
28 September 2021
File ITR 2.
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