Sale of rural agriculture land should be reportd in ITR


This query is : Resolved 

Quick Summary
Even though it might not have been strictly necessary before, it's now advisable to report the sale of rural agricultural land in your Income Tax Return (ITR). This should be done under the 'Exempt Income' section. Reporting this sale, even if it's not considered a capital asset, can help prevent future correspondence with the tax authorities.

13 July 2022 sale of rural agriculture land in previous year should report in ITR under exempt income ????
although it's not a capital assest

13 July 2022 Though it was not necessary earlier, but to avoid future correspondence, it is advisable to report it under 'Exempted Income'

14 July 2022 thanks for prompt reply SIR

14 July 2022 Most Welcome ..


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