Rural agricultural land itr

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When selling rural agricultural land that isn't classified as a capital asset, you can declare the sale in Schedule EI of your Income Tax Return (ITR). While this is optional, it's recommended if the transaction appears on your AIS report. This ensures accurate reporting of your financial activities.

25 July 2023 where to show sale of rural agricultural land (not a capital assest) in itr

25 July 2023 You can declare it in Schedule EI.

25 July 2023 Sir, Is it optional, or mandatory

25 July 2023 It is optional. But advisable to declare if it has been reported in AIS report.

13 September 2024 Good luck.


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