Compensation on non agriculture land
This query is : Open
27 May 2017
Some CA told me that as per RFCTLARR Act compensation on Non agriculture land is also tax free. And TDS is deducted on compensation amount u/s 194LA . Now where should i show this exempt compensation income in ITR and how to claim TDS. Please its very urgent
27 May 2017
Exempted from Income tax vide CBDT Circular 36/2016 dated 25.10.2016. Pl show the amount in 'exempt income'.eg:- in schedule EI of ITR-2.
CA Rashmi Gandhi
(Expert)
27 May 2017
Show income in exempted income in ITR & then claim refund.
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