Compulsory Acquisiton
This query is : Resolved
30 September 2023
Assesee land - vaccant site has been acquired by the govt and compensation is paid. My doubt is whether capital gain is applicable. TDs has been deducted. Not sure whether the transaction is covered under RFCTLARR
01 October 2023
https://incometaxindia.gov.in/tutorials/81.tax-treatment-on-compulsory-acquisition-of-land.pdf
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