Regarding Reporting of Sale of Agriculture land
This query is : Resolved
03 March 2023
Dear Sir/Madam,
Is there any reporting requirement of Sale of Rural Agriculture land while filing ITR? Because rural Agri. land not a capital asset But any requirement of disclosure in ITR?
Plz Clarify....
Is there any reporting requirement of Sale of Rural Agriculture land while filing ITR? Because rural Agri. land not a capital asset But any requirement of disclosure in ITR?
Plz Clarify....
03 March 2023
As such not mandatory, but if the sale transaction has been reported by Sub-registrar office to ITD under mandatory reporting, then it is advisable to declare it under exempt income; otherwise query from department is sure.
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03 March 2023
Thank You Sir............................
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03 March 2023
Most welcome..
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