TMI BlogSale of Agricultural land in Rural AreaX X X X Extracts X X X X X X X X Extracts X X X X ..... An assessee has sold its Agricultural Land, as per section 2(14) is not an assets, subject to Capital Gain. Being It is in Rural Area, not covered in any municipality. Q. Whether in the Income ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax Return to be filed, it be shown as Capital Gain and Exempted or it is not required to be mentioned in the Income Tax Return.? Q. Whether any Information is required to be given in AIR Coloum,of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Return Forms? - Reply By GOPALJI AGRAWAL - The Reply = Since it is not a capital assets hence no concept of exemption would be applicable and as per new provisions, AIR has been withdrawn. - Sale o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f Agricultural land in Rural Area - Query Started By: - Anup Kumar Grover Dated:- 4-7-2011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, pers ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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