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Compensation received from govt.authorities

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(Querist)
28 May 2013 what is the tax provisions on copensation received from govt.authorities for aquiring agriculture land
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Rupesh Jain

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Rupesh Jain (Expert)
28 May 2013 agriculture land situated in rural area are exempt of any capital gain but if it is in urabn area it is taxable auder capital gain head
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
28 May 2013 Exempted form income tax in certain cases. Please refer section 10(37) for further details.
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