Sale of rural agricultural land
This query is : Resolved
03 March 2017
sale of rural agricultural land is exempt from tax.in which head of computation it is shown and under which section?
03 March 2017
Rural agricultural land sale is exempted from capital gains tax. As per section 2(14) it will not fall under capital asset hence exempted.
03 March 2017
sir such type of income is shown in computation under agriculture income or it is not shown in computation of income?
03 March 2017
Show it under exempted income.
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