Compensation

This query is : Resolved 

11 January 2014 state govt aquired our client land and give compensation 2 crore..as per they only deduct tds 20 lak.. it is exemption from tax???, if yes u/s 10 can we claim that tds or we need to pay tax from our hand???,,

11 January 2014 you have to calculate capital gain as per income tax law and pay bal. liability after deduct the TDs amount


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query