Agreeculture land
This query is : Resolved
Gujarati Tushar
(Querist)
11 February 2013
Dear Sir,
There is a agriculture land. There is electric line over that land, for that line I received compensation from government.
1. Is it agriculture Income?
2. Is it taxable? If yes, under which head and section?
There is a agriculture land. There is electric line over that land, for that line I received compensation from government.
1. Is it agriculture Income?
2. Is it taxable? If yes, under which head and section?
CA PARAS BAFNA
(Expert)
11 February 2013
This is a capital receipt and it is not taxable.
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