Tax liabilities on compesation
This query is : Resolved
19 July 2013
sir..pl.gide me..is there tax liability on compensation against loss from agricultural income due to new gas pipeline in agri.land or exampt by any section of incometax ?
19 July 2013
since agricultral income is exempted from tax u/s 10(1) then loss cannot be set off in this case.
23 July 2013
thanks a lot dear Tushar...
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
- Transfer of MF
- Two pancard
- Query Regarding Income Tax Rate on Gain from Transfer of Partnership Stake (LLP Partner)
- Regarding E-invoice Generation
- Can we claim ITC in 28%
- Wrongly goods delivered to other state
- Regarding updated Return After Submission of Income Tax Audit Report
- Ferrous scrap purchased for Rs 50000 cash payment is allocable
- Eligibility for filling NEW Form 121 from April 2026
- How to correct Form 26QB
- REFUND OF GST TDS
- Lifting and cross charges
- GST e invoice voluntarily registration
- HOUSE LOAN REGARDING
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
