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Compensation for trees

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2013 If Power Grid company cuts some tree and giving compensation for this, then what is the tax liability on this amount received.
Can we take this as Agricultural Income.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
30 July 2013 yes if it is in ag land
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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2013 yes, in ag. land.
thnx sir.
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