Discloser
This query is : Resolved
T.V.Srinivas
(Querist)
07 November 2017
Sir, I have received recently Rs 30,00,000 in April 2016 from NHAI national highway authority of India regarding land has taken from me which was used to lay highway
Should I disclose it while filing my income tax assessment?
What is the treatment for such money
Pleas help me
Should I disclose it while filing my income tax assessment?
What is the treatment for such money
Pleas help me
Nikhil Kaushik
(Expert)
08 November 2017
depends on the nature of land whether it was agriculture land or not.
T.V.Srinivas
(Querist)
08 November 2017
What is the effect of it is agriculture land
What if it is non agricultural land
How to know whether it is agriculture land or not?
What if it is non agricultural land
How to know whether it is agriculture land or not?
01 October 2021
Any compensation received for Land acquisition under RFTLAAR act, 2013 is tax exempt. Declare it under exempt income, if applicable.
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