14 December 2013
Sir, It is clear that rural agri. land is not a capital asset. but ur expert opinion required on certain point: - 1) Is there any income on sale of rural agri. land. 2) If so, how we disclose this income ? (under which head) 3)If assessee don't have any other income, is it mandatory to file I.T.R. If yes, than which form is applicable ?