Tax on agricultural land and building

This query is : Resolved 

16 August 2013 sir,
please comment on the taxability of compulsory acquisition of following assets of an individual:

1) rural agricultural land
2) residential building on the above land

if the compensation for the above two assets is calculated sepeartely by the govt.

please reply urgently

17 August 2013 Your query is not clear. Pls see the provisions of capital gain laws.


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