About return filling
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 November 2011
Plssss... help me, One farmer land is aquired by govt. for road . He has no any income, either by any way. He has recieved Rs.1000000/- and TDS has deducted Rs. 100000/-. Under which Sec.he will get relief and can get refund. Sanjay.
06 November 2011
In case , rural Agri. land is subjected to Comp. Acquisition, there will be no capital Gain and as such entire amount deducted towards TDS is refundable.
In case of Urban Land pl go through Section 10(37). In case the Comp. Acquisition is under any law or compensation is decided or approved by the Central Govt. or RBI, the income from capital gain on such urban Agriculture Land is exempt.
The capital gains arising on non Agriculture Land is taxable and exemption U/s 54F- Purchase of Residential House, and U/s 54EC- Investment in Capital gain Bonds of REC and NHAI, can be availed.
In case of Urban Land pl go through Section 10(37). In case the Comp. Acquisition is under any law or compensation is decided or approved by the Central Govt. or RBI, the income from capital gain on such urban Agriculture Land is exempt.
The capital gains arising on non Agriculture Land is taxable and exemption U/s 54F- Purchase of Residential House, and U/s 54EC- Investment in Capital gain Bonds of REC and NHAI, can be availed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- TDS on TRUST
- Consolidated financials
- Putting a heading on received mail
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
