https://www.taxtmi.com/forum/issue?id=116943 Taxpayer transferred rural agricultural land shown as an SFT in Form 26AS and asks whether to report consideration or compute a gain in the ITR and whether indexation applies. The legal issues are: whether such rural agricultural land is a non-capital asset for capital gains purposes (affecting whether any gain arises) and what SFT-driven disclosure and ITR reporting obligations follow if reporting is required. The document does not resolve these questions and advises professional consultation for case-specific analysis and correct reporting and computation. en-us Tue, 05 Jan 2021 12:50:50 +0530 Thu, 23 Jan 2025 15:54:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116943 Taxpayer transferred rural agricultural land shown as an SFT in Form 26AS and asks whether to report consideration or compute a gain in the ITR and whether indexation applies. The legal issues are: whether such rural agricultural land is a non-capital asset for capital gains purposes (affecting whether any gain arises) and what SFT-driven disclosure and ITR reporting obligations follow if reporting is required. The document does not resolve these questions and advises professional consultation for case-specific analysis and correct reporting and computation. Discussion-Forum Income Tax Tue, 05 Jan 2021 12:50:50 +0530 https://www.taxtmi.com/forum/issue?id=116943