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Income tax type for high value transaction


Shree Babu   27 September 2020

Shree Babu

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which ITR should be filed for high value transaction, if person is doing agriculture and purchased lond.or solution for such massage received from income tax.

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avater

Hardik vora   28 September 2020

Hardik vora

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There is addition in proviso in section 139(1).
Due to that, it is mandatory to file return for certain high value transactions.

Doing agriculture and purchase land, u can go for ITR2.

avater

Shree Babu   28 September 2020

Shree Babu

 2 likes  61 points

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Thanks


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