One of the client has sold the Rural Agriculture land for 49 lakhs, and the same is reflecting in AIS.
As per my understanding there will be no tax for the same. Am i correct?
Where to declare the same in ITR.
One of the client has sold the Rural Agriculture land for 49 lakhs, and the same is reflecting in AIS.
As per my understanding there will be no tax for the same. Am i correct?
Where to declare the same in ITR.
Correct.
Declare it under Schedule EI... Others....
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CA Inter
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