compansation on compulsary acquistion of land
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 February 2011
A person received interest along with compansation relating to compulsary acquisition of agriculture land by govt. in F.Y. 2004-05. Whether the person can revise his income tax return wef F.Y. 2004-05 or from which year. Further how TDS can be claimed in such case as the TDS is deducted in current year
10 February 2011
In case of compensation for compulsory acuisiotion , Tax is paid on cash basis. You have to file the return in the year in which amount was received.
Guest
Guest
(Expert)
10 February 2011
Morever, return for A.Y. 2004-05 can not be revised now.
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