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Issue ID : 116943
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Transfer of Rural Agriculture Land

Date 05 Jan 2021
Replies1 Answers
Views 551 Views
Asked By

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?

Income Tax
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Replied on Mar 3, 2021
1.

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

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