Dear Experts,
One of my relative has sold inheritated agriculture land in april 2018 for Rs.2700000. The land is in rural area. Now my query is,
1.Does it attract a capital gain? if yes then how could we calculate a capital gain if purchase amount is not known.
2.What if, if it in urban area?
3.Do we need to show such amount while filling income tax return?
Thanks in advance.