Compulsory aqisation of Agriculture & Non Agriculture land are taxable or not ?
This query is : Resolved
26 August 2026
My cliets Agriculture land And sum Non Agriculture land aqire for Road Development and receve compulsory land acquisition compensation from authority including 12% interst amont,
so what treetment regarding Agriculture land , Non Agiculture land, And Interst
so what treetment regarding Agriculture land , Non Agiculture land, And Interst
26 August 2026
Agricultural Land: Tax-exempt if it is rural land (not a capital asset) or if it satisfies the conditions of urban agricultural land under Section 10(37).
Non-Agricultural Land: Taxable as Capital Gains under Section 45(5) in the year the compensation is first received.
Interest Amount: Taxable under Income from Other Sources, with a flat 50% deduction allowed under Section 57(iv).
Non-Agricultural Land: Taxable as Capital Gains under Section 45(5) in the year the compensation is first received.
Interest Amount: Taxable under Income from Other Sources, with a flat 50% deduction allowed under Section 57(iv).
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