One of the client has sold the Rural Agriculture land for 49 lakhs, and the same is reflecting in AIS.
As per my understanding there will be no tax for the same. Am i correct?
Where to declare the same in ITR.
mayuri (Tax Consultant) (247 Points)
20 July 2023One of the client has sold the Rural Agriculture land for 49 lakhs, and the same is reflecting in AIS.
As per my understanding there will be no tax for the same. Am i correct?
Where to declare the same in ITR.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166227 Points)
Replied 20 July 2023
Correct.
Declare it under Schedule EI... Others....
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