sale of inherited agricultural land situated in rural area

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  1. sukhchain singh

    sukhchain singh New Member

    Dear Sir/Madam,
    I am a salaried person. I sold inherited agricultural land situated in rural area in January 2016 and as it was not considerable as ‘capital asset’, no tax liability is there. However, I want to know that in which cell / field of ITR form – to fill / display entire exempt income received from selling this rural agricultural land.
     
  2. In Return form there is a schedule Details of Exempt Income.

    In that schedule S.NO.5 Other exempt income, you can inter the details in that row.
     
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