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Capital gain

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(Querist)
13 October 2013 If compulsory Acquisition takes place the compensation has received by nominee on behalf of the owner. its taxable or non taxable? (i.e Death of the owner)
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ANIL SULEGAI PREMANATH

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ANIL SULEGAI PREMANATH (Expert)
14 October 2013 It is taxable
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
14 October 2013 Yes, it is taxable..
If its a long term capital gain then exemption can be claimed U/S 54. 54EC, 54F, and 54 GB...




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