Sir
Agricultural land can be show in income tax return.
How???
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agriculture land
Replies (5)
tax return is just a format , in which we show the information about our total income , I mean how we derived total income as per the provisions of act .
so return on income shows the information about the income , it does shows assets .
we can't show an agricultural land in return of income
so return on income shows the information about the income , it does shows assets .
we can't show an agricultural land in return of income
No need show the asset in Return if you are individual and the land is also individual name...
Ohk thanks
if income is from agricultural land viz . 4 lakhs then what is the procedure.
exempted since income is from agricultural land
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