https://www.taxtmi.com/forum/issue?id=3142 Sale of agricultural land in a rural area is not a capital asset and therefore does not produce capital gains or an applicable exemption; accordingly the sale need not be reported as exempted capital gain in the return. Reporting in the Annual Information Reporting column is not required because AIR disclosure has been withdrawn. en-us Mon, 04 Jul 2011 15:29:09 +0530 Thu, 23 Jan 2025 15:58:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3142 Sale of agricultural land in a rural area is not a capital asset and therefore does not produce capital gains or an applicable exemption; accordingly the sale need not be reported as exempted capital gain in the return. Reporting in the Annual Information Reporting column is not required because AIR disclosure has been withdrawn. Discussion-Forum Income Tax Mon, 04 Jul 2011 15:29:09 +0530 https://www.taxtmi.com/forum/issue?id=3142