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compansation

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2010 compensation received from builder against redevelopment of building and also rent received from builder whether it is taxable or not in the hands of recipient
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CA SMR

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CA SMR (Expert)
23 August 2010 If there is a capital GAin and that Capital gain exceeds the value of the property acquired on completion of redevelopment then the amount is taxable.Refer to Sec 54 of the IT Act.
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