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Compensation

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(Querist)
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???,,
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Rupesh Jain

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