https://www.taxtmi.com/forum/issue?id=114013 Whether proceeds from the sale of rural agricultural land must be treated as a capital receipt and how the proceeds and reinvestment should be reflected in the assessee's accounts: the sale proceeds may be shown in the income tax return, the acquired residential property may be recorded as an asset in the balance sheet, and the investment can be reflected by increasing the capital account, subject to further expert views. en-us Fri, 03 Aug 2018 12:36:49 +0530 Thu, 23 Jan 2025 15:55:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114013 Whether proceeds from the sale of rural agricultural land must be treated as a capital receipt and how the proceeds and reinvestment should be reflected in the assessee's accounts: the sale proceeds may be shown in the income tax return, the acquired residential property may be recorded as an asset in the balance sheet, and the investment can be reflected by increasing the capital account, subject to further expert views. Discussion-Forum Income Tax Fri, 03 Aug 2018 12:36:49 +0530 https://www.taxtmi.com/forum/issue?id=114013