08 August 2021
I am a retired person and I have been using ITR 1 as less income 50 Lakhs for filing my ITR. Recently, I sold my Rural Village Agricultural Land at 60 Lakhs in FY 2020-21. I wish to know – 1) which ITR form I should use? 2) Where to show in ITR Form as sales of Rural agricultural land not taxable as per Income Tax Rules.
02 February 2022
you must ensure whether the agri land you are talking about fall within the exempted criteria based on distance from local limits of applicable municipaplity/corporation based on latest census.
CAclubindia
