banner_ad

Reporting of Sale of agricultural land in rural area

Others 329 views 2 replies
Please tell where to show sale of agricultural land situated in rural area in income tax return.
As any gain arising on such sale is exmepted as per section 10(37)..But in ITR there is no column kf Section 10(37) in exempt income schedule.
so where to report it?
Replies (2)
CA Arun

There is no requirement to report it in itr. even 8n one of our case we have taken this stand

You can also write to me  at sthayin @ gmail for further assistance
Section 10(37) is for Urban Agri Land acquired under compulsory acquisition (and it is not for Agri Rural Land.)

Sale of Agri Rural Land is not a capital Asset under definition and hence not taxable.

Show it under EI schedule under Any other as ' sale of Agri Rural Land"


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details