Enhanced compensation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 February 2013
sir,
if x received compensation on compulsory acquisition of comercial land and claim cost of acquisition in the year a/y 2009-10
and received additinal compensation in a/y 2012-13, then x is liable to pay income tax on LTCG.
OR IT IS EXEMPT IF ENHANCED COMPENSATION IS GIVEN BY DELHI METRO RAIL CORPORATION ON AQUIRED LAND IN A/Y 2012-13
if x received compensation on compulsory acquisition of comercial land and claim cost of acquisition in the year a/y 2009-10
and received additinal compensation in a/y 2012-13, then x is liable to pay income tax on LTCG.
OR IT IS EXEMPT IF ENHANCED COMPENSATION IS GIVEN BY DELHI METRO RAIL CORPORATION ON AQUIRED LAND IN A/Y 2012-13
12 February 2013
enhanced compensation is also taxable. It will be taxed in the year of receipt of the same.
30 November 2013
yes agreed with amol's view.
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