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Sale of agricutural land
IN THE FORM ITR 2, SHOULD WE INCLUDE SALE RECEIPTS OF AGRICULTURAL LAND,UNDER THE HEAD EXEMPT INCOME(sub headed--Gross Agricultrual receipts
)?
Replies (4)
show in sub head-others (in point 5)
shouldn't we show the sale of agricultrual land in gross agricultural receipts?
If we show, Gross Total income increases which may lead to Change of tax slab rate and tax may increase
The question is whether we can show sale of agricutural land under Exempted income under gross receipts from agricultural income?
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