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Compulsory aquistion

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28 June 2014 what r ded available for compulsory aquistion of agri land n commercial plot
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CA SUNIL K GARG

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CA SUNIL K GARG (Expert)
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

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