DEAR SIRS
IN MY CASE OUR AGRICULTURAL LAND IS TAKEN BY KOCHIN REFINERY. IT IS NOT A COMPULORY ACQUISITION. IT IS AGRICULTURAL LAND COME UNDER SEC 2 (14). AGRICULTURAL LAND IS NOT A CAPITAL ASSET AS PER INCOME TAX ACT . WHETHER SUCH INCOME IS TO BE SHOWN UNDER CAPITAL GAIN OR ANY OTHER HEAD OF INCOME IN ITR. PLEASE HELP ME. ITS VERY URGENT
Just reply quickly the ITR that is applicable for the assessee.
dEAR SIR ,
I HAVE ONLY INTEREST INCOME & THAT INCOME FROM SALE OF AGRICULTURALLLAND
M N Rao & Associates LLP
Vijayawada
CA Inter
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Varma Raja & Associates
Thrissur
CA Inter
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CCI
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