EASYOFFICE
EASYOFFICE

54b

This query is : Resolved 
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(Querist)
06 November 2014 I sold my agricultural land in this year F. Y. And I purchased another agricultural land in next F. Y. Should I have to show the income in this F. Y. Or in the subsequent year.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
06 November 2014 you would show the income in current year (year in which the land is sold) and claim exemption under section 54B
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
06 November 2014 you would show the income in current year (year in which the land is sold) and claim exemption under section 54B
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