Rural agricutral land
This query is : Resolved
17 September 2014
what is tax treatment of sales proceeds from rural agricultural land? in case of long term capital gain and income from other source ... plz advice
Nikhil Kaushik
(Expert)
17 September 2014
it will be treated as exempted income.
18 September 2014
can u brief the follwing points . how do i show it in total income .
Nikhil Kaushik
(Expert)
18 September 2014
it is shown in exempted income in "EI" sheet of the return. not included in taxable income
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