How to show in itr
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2013
LTCG on sale of agri rural land
25 November 2013
if the land is agriculture land within the definition of section 2(14), no capital gains. Else capital gains tax shall apply.
So in case one, it will reflect as exempted agricultural income.
In case 2 it will reflect in "CG-OS" sheet as any other capital gains is reflected.
So in case one, it will reflect as exempted agricultural income.
In case 2 it will reflect in "CG-OS" sheet as any other capital gains is reflected.
25 November 2013
if the rural agricultural land is same as defined in the IT act,
Then no LTCG tax on such sale...
Then no LTCG tax on such sale...
25 November 2013
but even if exempted capital gain is there then u need to disclose in schedule for exempted items.
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