Shares loss -income tax return file

If STT paid then the income is exempt If not then this shall be speculative loss which should be shown to set it off with future Profit from selling such shares (max limit for set off being 4 yrs)

Aggriculture income defined in sec 2(1)(A) will be exempt and not the investment

However the said land shall be rural aggriculture land if its beyond the limit of 8KM from and municipality OR the population of municipality does not exceed 10,000

(There shall be no cap gain if you sale the land)

If not then the land shall be urban aggriculture land and if you plan to sell/transfer this land then exemption u/s 54B can be availed , if this land is compulsarily acquired then ap gain from compensation will not be taxable either

(provided conditions of the secs are followed)