Capital gain exemption for compulsory acquisition
This query is : Resolved
Quick Summary
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)
28 July 2023
Under Schedule EI (exempted income)
12 September 2024
Good Luck.
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