Capital gain
This query is : Resolved
shashikant
(Querist)
07 May 2014
my father get rs. 160000/- from compulsory acquisition of their village agriculture land by gov.
my father's income from salary is rs 100000/- .
are they liable for file ITR for A.Y. 2013-14
Nikhil Kaushik
(Expert)
08 May 2014
no. the income from compulsory acquisition is exempt income. no liability to file the return.
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