Sell of rural agricultural land

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soical work
222 Points Posted on 17 January 2023
I sell rural agricultural land in 2022 of Rs 1300000 which I purchased in 2014 Rs 380000 .

itr filing is required or not.
if required where it show in itr2[exempt income]
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On 17 January 2023 at 01:10 Report
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Quick Summary
If you sold rural agricultural land in 2022, even if filing an Income Tax Return (ITR) isn't strictly mandatory, it's highly recommended. Declaring the sale under the 'Exempt Income' schedule in your ITR2 will help prevent future enquiries and ensure transparency with tax authorities. This proactive step avoids potential discrepancies.

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SEO Sai Gr. Hosp.
212453 Points Posted on 17 January 2023

To avoid future enquiry, it is always advisable to file relevant ITR and declare the sell under Schedule..'Exempt Income'..

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On 17 January 2023 at 09:48
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791 Points Posted on 17 January 2023
Filing is not required but file ITR to avoid future discrepancy.
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On 17 January 2023 at 11:01

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