Transfer of Rural Agriculture Land, Income Tax

[Shubham Kansal]

Dear Experts

Mr A transferred a Rural Agriculture Land (not being a Capital Asset), and the same transition is reflected in 26AS as SFT Transaction, how to report the same in ITR.

If the same is required to report in ITR form, how to report the same consideration received or gain on such transfer.

How to calculate the gain on transfer, with applying Indexation or not?

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

Since it is to be analyzed in detail please consult with the professionals.