Capital gain
This query is : Resolved
30 May 2014
SUB : A Company Received Compensation From Central Government for Compulsory acquisition of Land and Building.
Case: Central Government compulsory acquired Land and Compound wall of X Ltd for Construction of Highway bridge. For this government gave compensation for the acquisition. Whether the Compensation will eligible to Claim Exemption U/s 54D ?
Case: Central Government compulsory acquired Land and Compound wall of X Ltd for Construction of Highway bridge. For this government gave compensation for the acquisition. Whether the Compensation will eligible to Claim Exemption U/s 54D ?
Amol S Joglekar
(Expert)
30 May 2014
yes it will get the benefits of sec 54D subject to, however, satisfying the other conditions mentioned in the section.
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