Dear,
If profit on sale of rural agriculture land then where to show such figure in ITR . and only profit I need to show or gross amount I need to disclose in ITR.
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profit on sale of rural agriculture land
Replies (11)
Profit only shown in exempted income for reporting purpose only column.
Gains from sale of RURAL agricultural land can be shown in Schedule 'EI' 'Exempt Income'
k thanks
so how to claim tds deducted on such sale
File ITR, pay legitimate tax, and claim additional amount of TDS deducted as refund....
sir which itr should i file to claim refund
Depends upon other income/s.
But if no business related activity...... File ITR 2.
sir there is no any other income, there is only exempt inicome of sale of rural agriculture land and they have deducted tds
sir please reply
If sale value is below 50 Lakhs, file ITR1.... otherwise file ITR2..
Good Luck ......
It is income from other source ..
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