Compulsory acquisition capital gain liability
This query is : Resolved
21 August 2014
Railway corridor corporation has acquired the land of one person for an amount rs. 80 lacs and deduct tds @1% under section 194 la . my question is the amount received by the said person is liable for capital gain. if the answer is yes is it possible that he can purchase some land.this compulsory acquisition has taken place in financial year 2013-14 and payment has also been received in that year. if he is not liable for capital gain tax then can he cliam refund of tds.thanks in advance.
21 August 2014
if it is urban agriculture land the its exempt u./s 10(37)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ADT-3 AND ADT-1
- TDS Under Section 194IA Where More than one Buyer and More than one Seller
- FOREIGN GAIN AND LOSS
- Itr .….......
- Interest on Capital-Partnership Firm
- IRN was not generated for October-2025 Invoice but generated e waybill, now it is self identified,
- E-way bill issue with two invoice
- 54 F DEDUCTION IN RESIDENTIALPROPERTY
- OLD MACHINERY SALE
- RCM RELATED QUESTION
- GST reco file in excel
- 80G deduction eligibility
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
- Switch over to Composition Scheme
Trending Online Classes
-
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ruhi Joshirao19 January 2026
CAclubindia
