Menu
Sale of agri land
i have sold agri land in rural area for 10L should i show this on return..since it is not taxable?pls reply thanks in advance
Replies (4)
As such not mandatory, but better to declare it u/s. EI, to be relieved of any future query.
The sale of rural agricultural land is considered as exempt under the Income tax act.
File ITR-2 and show the entire proceeds under the "Schedule EI"
What is agri land? how we know..?
From Revenue Department. Even Talati can give you status of the land.
Recent Threads
- Regarding Annual Return for 23-24
- Property registration without physical PAN card
- Paying Rent in Cash: This Could Trigger an Income
- Market Down, Portfolio Down: Need suggestions for
- How much tax is payable If I withdraw my mutual fu
- GST Penalty Provisions under Section 73 vs Section
- How VFA Academy Helps Traders Build Discipline and
- GSTR-3B Relationship
- Section 194T: TDS on Payments to Partners: Applica
- Tax planning with HUF
Related Threads
CAclubindia
