20 August 2021
asssessee received Rs. 12,00,000/- in F.Y. 2020-21 as compensation from national highway authority for compulsory acquisition of RURAL agricultural land. the land is situated far from 20 kms from municipal corporation limit. no tds is deducted by national highway of authority for the same.
Does assessee require to file return and if yes, how to show this compensation in the return?
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