Sale of agrl land.

last 2 yrs. agrl income not derived. the agrl land has been sold to agrculturists. under which head the sale of agrl land has to be shown. seniors Pl guide.







Last 2 yrs. no agrl income derived. During the year the same agrl land has been sold . it is away 17 km from the municipal limit. under which sec the income has tobe shown?
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Quick Summary
This discussion seeks guidance on how to account for the sale of agricultural land, particularly when no agricultural income has been derived for the past two years. The land is located 17km from municipal limits in Pune district. Participants are asking for clarification on whether the land should be classified as rural or urban for accounting and tax purposes.

So please mention whether it is rural or urban. Many a times municipal limits is not an exhaustive definition.
The said agrl land situated at Mauje Babhulsar khurd village, shirur talk, pune district

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