21 June 2016
tax Audit applicable or not in following situations.
*if sale of ancestors agriculture land to 1.5 core .
*if purcheser has dudected tds.@1% ie. rs.150000 .how to get Refund this amount .
* how to file IT returns
plz give a clarifications
21 June 2016
then it taxable under the capital gain and if its agriculture land then its exempt . otherwise you have to pay tax if you not making any investment in residential property u/s 54F of income tax act