my relative haveing agriculture land who sold at 1 crore also invest this money into another agriculture land...
question is : he want to file return then which ITR applicable ?
it there is capital gain then at wht rate charge or which ITR ?
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Capital gain of land
Replies (8)
ITR 2 needs to be filed...provided its an urban agricultural land
Capital Gain on sale of rural agriculture land is exempt..
he has to file ITR-2 but if the assesse has income from PGBP than ITR-4..
ITR 2
thnaks budy
prefer ITR-2, but if there is rural agriculture land it is exempt...
agree with all
ITR-2 should be filed.if there is no business income otherwiae ITR-4
Capital Gain on sale of rural agriculture land is exempt..
he has to file ITR-2 but if the assesse has income from PGBP than ITR-4..
| Originally posted by : Tushar Arora | ||
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Capital Gain on sale of rural agriculture land is exempt.. he has to file ITR-2 but if the assesse has income from PGBP than ITR-4.. |
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AGREED.
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