Sale of agricutural land
lohitha.surisetti (Student CA IPC / IPCC) (220 Points)
14 June 2017
Should we show sale of agricultural land in ITR-2?
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 14 June 2017
Yes. If taxable under Capital Gain otherwise under Exempted Income.
lohitha.surisetti
(Student CA IPC / IPCC)
(220 Points)
Replied 14 June 2017
IF IT EXEMPT ,SHOULD WE SHOW IT IN GROSS AGRICUTURAL RECEIPTS IN EXEMPTED INCOME, IN ITR2?
Deval M. Thakkar
(Student CA Final and Article Assistant at Talati & Talati Ahmedabad)
(368 Points)
Replied 14 June 2017
no....show it under the head income exempt from tax u/s 10
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