capital gain from sale of agricultural land
harsha (1) (25 Points)
21 August 2019
where we have to show the gain from sale of agricultural land in ITR.
4 Replies
Kapadia Pravin
(17259 Points)
Replied 21 August 2019
Taxability of Agri land depends upon location of the land how much kms away from municipal limits and other conditions.
if taxable then under CG schedule
if exempt then under EI schedule.
if taxable then under CG schedule
if exempt then under EI schedule.
Kalyani
(Chartered Accountant)
(181 Points)
Replied 22 August 2019
Where is that agricultural land situated? In Rural area/Urban area?
harsha
(1)
(25 Points)
Replied 22 August 2019
thanks for the reply.
it is rural agricultural land only.
in itr 3 under which line item we have to show the gain from sale of rural agricultural land.
it is rural agricultural land only.
in itr 3 under which line item we have to show the gain from sale of rural agricultural land.
Kapadia Pravin
(17259 Points)
Replied 22 August 2019
Under Exempt Income EI schedule under Any other
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