25 May 2017
My client has received compensation on non agriculture land on compulsory acquirement. And Tds has been deducted on compensation amount u/s 194LA. Is the compensation income exempt?? And if it is exempt than where do i show this amount in ITR and how do i claim refund?? Please very urgent
25 May 2017
Compensation received for compulsory acquisition of non agriculture land is taxable under head Capital Gain..
Calculate Capital Gain & show it in ITR & claim TDS on it
CAclubindia
