Interest on compulsory acquistion of agriculture land
This query is : Resolved
21 March 2013
One farmer has received the interest on compulsory acquisition of rural agriculture land and TDS has been deducted and my question is that whether the interest on compulsory acquisition of rural agriculture land is exempt if YES then under which ITR return should be filed?? interest amount 1166650/- TDS and whether he will get full refund??
One farmer has received the interest on compulsory acquisition of rural agriculture land and TDS has been deducted and my question is that whether the interest on compulsory acquisition of rural agriculture land is exempt if YES then under which ITR return should be filed?? interest amount 1166650/- TDS and whether he will get full refund??
22 March 2013
there is no taxability of income received on sale of RURAL agricultural land. so there is no question of TDS . He will get
refund of entire amount provided he should
not have any other income. But he has file ROI u/s139(1)to get refund. such interest also is not taxable.
refund of entire amount provided he should
not have any other income. But he has file ROI u/s139(1)to get refund. such interest also is not taxable.
22 March 2013
sir,
filing Nil return in itr 2 nd claiming refund is it correct??
filing Nil return in itr 2 nd claiming refund is it correct??
22 March 2013
yes. File ITR-2 and claim refund by enclosing form no 16
23 March 2013
IT IS NOT FORM NO. 16 BUT FORM NO 16A.
23 March 2013
i do not agree with above, better you go to the following link
https://www.caclubindia.com/experts/interest-on-enhanced-compensation-on-compulsory-acquisition-1046574.asp#.UU2pZxeovko
https://www.caclubindia.com/experts/interest-on-enhanced-compensation-on-compulsory-acquisition-1046574.asp#.UU2pZxeovko
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- Minimum tax payable to file Updated return
- Tds on commission charges
- Tax rate change regarding
- Change Of Karta In Case of Death
- New GST registration for new place of business.
- GST ISSUE OF INPUT AND OUTPUT GST
- GST Intimation due to Government took possession of Business Premises under PPE Act
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
