AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
This query is : Resolved
24 June 2026
Hello,
One of my client has received amount on account of compulsory acquisition of Rural agricultural land, in itr 2 and itr 3 under exempted income under others i am unable to fill the details as there are sub categories, which this case is not falling, please guide me where to fill the details and which form to choose
One of my client has received amount on account of compulsory acquisition of Rural agricultural land, in itr 2 and itr 3 under exempted income under others i am unable to fill the details as there are sub categories, which this case is not falling, please guide me where to fill the details and which form to choose
24 June 2026
* Compensation received on compulsory acquisition of rural agricultural land is generally fully exempt from income tax.
* Do not show it as Agricultural Income.
* Report it in Schedule EI (Exempt Income) → Others.
* Use ITR-2 if there is no business income; otherwise use ITR-3.
* If any TDS under Section 194LA has been deducted, claim the TDS credit and resultant refund.
* Do not show it as Agricultural Income.
* Report it in Schedule EI (Exempt Income) → Others.
* Use ITR-2 if there is no business income; otherwise use ITR-3.
* If any TDS under Section 194LA has been deducted, claim the TDS credit and resultant refund.
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