Income tax - reg.

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A user is asking whether a compensation amount of Rs. 55 lacs received without TDS from Power Grid Corporation for a power line corridor through residential vacant land is taxable. The response suggests that if the land is rural agricultural land, then the compensation is not taxable.

Guest

Guest (Querist)

14 August 2020 Respected sir, my friend had compensation amount of Rs.55 lacs without tds from Power Grid Corporation of india for Power Line Corridor through over his residential vacant land. My question is the amount is taxable or nontaxable. Kindly clarify me sir.

Regards

Jack Arul

Guest

Guest (Querist)

15 August 2020 sir kindly replay me sir

regards

Arul j