Compulsory aquisition
This query is : Resolved
17 August 2013
namaskar ji,
a clients residential house along with the agricultural land which is situated outside the limits of municipality is compulsorily acquired by the govt.
now capital gain on agricultural land is exempt but is there any exemption for residential building compulsorily acquired or we have to pay capital gain tax.
please reply urgently
thanks in advance
a clients residential house along with the agricultural land which is situated outside the limits of municipality is compulsorily acquired by the govt.
now capital gain on agricultural land is exempt but is there any exemption for residential building compulsorily acquired or we have to pay capital gain tax.
please reply urgently
thanks in advance
18 August 2013
Whether separate compensation figure has been prescribed for the residential house ?
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