my relative haveing agriculture land who sold at 1 crore also invest this money into another agriculture land...
question is : he want to file return then which ITR applicable ?
it there is capital gain then at wht rate charge or which ITR ?
devang (CA FINAL article ) (181 Points)
13 July 2011my relative haveing agriculture land who sold at 1 crore also invest this money into another agriculture land...
question is : he want to file return then which ITR applicable ?
it there is capital gain then at wht rate charge or which ITR ?
Sunshine
(Helping All)
(10575 Points)
Replied 13 July 2011
ITR 2 needs to be filed...provided its an urban agricultural land
Tushar Arora
(CA Finalist & Article)
(179 Points)
Replied 13 July 2011
Capital Gain on sale of rural agriculture land is exempt..
he has to file ITR-2 but if the assesse has income from PGBP than ITR-4..
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 13 July 2011
prefer ITR-2, but if there is rural agriculture land it is exempt...
agree with all
Supriya Barge
(PCC student)
(21 Points)
Replied 14 July 2011
ITR-2 should be filed.if there is no business income otherwiae ITR-4
Mukesh Kumar Singh
(CA-FINAL)
(4094 Points)
Replied 14 July 2011
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 14 July 2011
| Originally posted by : Tushar Arora | ||
 |
Capital Gain on sale of rural agriculture land is exempt.. he has to file ITR-2 but if the assesse has income from PGBP than ITR-4.. |
 |
AGREED.
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