Sale of agricultural land in rural area
21 July 2019
Can you please clarify where to mention income from the sale of agricultural land in a rural area in ITR2. Do we need to mention in ITR? if yes where exactly I can keep this information? Should in keep in Schedule EI if yes how to consider income? is it CII value of sale - purchase?
31 May 2020
I think it may not be reported in ITR as it is exempt from Income Tax