Agreeculture land
This query is : Resolved
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?
11 February 2013
This is a capital receipt and it is not taxable.
Message likes :
1 times
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
- Section 270A penalty
- GST- DRC 03 RCM Liability
- Query on managerial remuneration u/s 197 of CA 2013
- Validity of form 15 G and 15 H on Interest on fixed deposit
- GSTR 1- Amend Credit Note
- Threshold limit of under GST for insurance agent
- Supply to unit situated in SEZ
- Tax liability on gift amount given to blood relation
- Additional income for updated return
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
