Compulsory aquisition of land residential land in rural area
This query is : Open
Rahul kale
(Querist)
27 May 2017
land aquired by govt , in compulsory acquition scheme in rural area, and TDS was deducted us194LA by govt dept.please advice me how to show that compensation received while filling return in ITR 2.for claiming refund of tax deducted. said land acquire was occupy for houses( residential purpose ) by farmers.In which schedule I will show the said compensation received in ITR 2
I thinking to show this income in schedule of EXEMPT INCOME(EI) OF ITR 2, UNDER GROSS AGRICULTURAL RECEIPT, AND CLAIMING REFUND, IS IT AM RIGHT ???
I thinking to show this income in schedule of EXEMPT INCOME(EI) OF ITR 2, UNDER GROSS AGRICULTURAL RECEIPT, AND CLAIMING REFUND, IS IT AM RIGHT ???
Studentsca
(Expert)
27 May 2017
Rural Residential Land is Taxable On Compulsory Acquisition, Calculate Capital Gains Tax accordingly and claim Refund.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
