Tax on Sale of Rural Agriculture land

ARUN KUMAR (DEPUTY GENERAL MANAGER (F&A))   (90 Points)

30 September 2020  

Please clarify if a person sale agriculture land of rural area worth 12lakhs and received money in bank account by way of remittance from byer. In 26AS under coloum detail of SFT transaction ..  SFT 004 cash deposit  other than current account  as deposit with financial institution reflacted. How it may shown as income or receipts in ITR and which one form used for filing ITR if other income is only 150000 i.e. sales proceeds of agriculture product like wheat, rice and vegitable