Menu
Agriculture Land Received from Father
One of my friend has received agricultural land in inheritance amounting to 44 lacs ? Whether the same has to be shown in ITR as Exempt Income ?
Replies (1)
Gift received from relatives is capital receipt.
No need to show under ITR
Recent Threads
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
- Joint Venture address proof under GST
Related Threads
CAclubindia
