Capital gain exemption for compulsory acquisition
This query is : Resolved
Quick Summary
TAMILSELVI.M
(Querist)
28 July 2023
Asset has been compulsorily acquired by the government for road extension and it is stated in the agreement that fully exempt from income tax. If the above-mentioned subject is related to RFCTLARR ACT, then how to file the exempted income in ITR ( under capital gain or under exempted income category)
Dhirajlal Rambhia
(Expert)
28 July 2023
Under Schedule EI (exempted income)
Dhirajlal Rambhia
(Expert)
12 September 2024
Good Luck.
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