Compulsory aquistion
This query is : Resolved
28 June 2014
what r ded available for compulsory aquistion of agri land n commercial plot
01 July 2014
amt recd on compulsory acquisition of urban agricultural land is exempt u/s 10 (37). moreover 50% of intt recd on payment is also deductible u/s 57 (iv)
however assessee can claim deduction u/s 54 D on acquisition of commercial plot
however assessee can claim deduction u/s 54 D on acquisition of commercial plot
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