Compensation received from govt.authorities
This query is : Resolved
SURAJ SHARMA
(Querist)
28 May 2013
what is the tax provisions on copensation received from govt.authorities for aquiring agriculture land
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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28 May 2013
Exempted form income tax in certain cases. Please refer section 10(37) for further details.
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