Interest received from govt. on agriculture land acquisition

Naveen Kumar (GM - F & A in SAMCO) (41 Points)

12 August 2017  

I have received the interest amount of Rs. 12 Lac from Haryana Urban Development Authority ( HUDA) against Interest for Land Acquisition 25 years back. 

I think the interest amount is for 25 years and it should be exempt. 

 

Pl. confirm that it will be exempt fully of partially in which section.

It taxable then in which section.

 

Regards

 

Naveen Kumar

9873492600