Sale of agricultural land in rural area

ITR 183 views 3 replies

Md Ezaz

12 Points Joined July 2017

Hello everyone,

I am working in private company and earns 30k.

I lost my father in 2013 and for marriage of my sisters i sold my Agricultural Land in Rural area worth 25 lakh in June 2016 and got all amount from Cheque in my Salary account.

Now i have to fill ITR this year.My questions are-

1)Which ITR should i file? ITR-1 or ITR-2 or any other?

2)As per my research its non Capital income so no tax is applicable. But i have to disclose this income to Income Tax Department. So exactly where i have to disclose this amount? I will fill my ITR through Cleartax.com but i cant find any place where i can fill this amount.

Kindly answer this 2 question, i will be Thankful to you.

Replies (3)

Md Ezaz

12 Points Joined July 2017

In most answers i found on Net,its said that its non taxable but you should disclose this.

But nowhere i found where and how to disclose this amount.

please help me urgently...