Sale of Agri land situated in rural area
This query is : Resolved
22 February 2010
Whether it is consider as income from other sources?
If no, what is the impact from IT angel?
If no, what is the impact from IT angel?
22 February 2010
Dear, because u/s 2(14) Agricultural Land situtated in Rural Area is not a capital asset, therefore you should not need to show amount received from this property on anywhere in ITR.
Therefore, it is fully exempt income.
Enjoy!!!!
Regards!!!
Dinesh S. Adhikari
Therefore, it is fully exempt income.
Enjoy!!!!
Regards!!!
Dinesh S. Adhikari
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