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Tax on Land acquired for development of Highway

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(Querist)
20 February 2021 Sir,
One of our client has received compensation for acquisition of his land, well, and his house. The land is agriculture land and is not a capital assets. The TDS has been deducted. Will we be liable for any capital gain. under which section can we claim the exemption.
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CA PARTH SHAH

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CA PARTH SHAH (Expert)
22 February 2021 You can claim exemption on agriculture land in Other Exempt Income.
However, the compensation on house will be taxable
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