Compensation paid
This query is : Resolved
31 December 2015
An assessed acquired land in rs. 10lakh f.Y. 2007-08 and paid compensation of rs. 30 lakh in f.y.2010-11 for cancellation of agreement to sale. Whether said compensation may be treated as expenditure or cost of improvement
02 January 2016
From the query it is not clear, to whom the compensation is paid in respect of which sale agreement it was paid ?
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