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Taxability of Compensation received

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(Querist)
11 November 2009 Dear all

Whether Compensation received on Acquisition of Land by National High way authority of India is Taxable or not kindly let me know

Thanking you
Yours faithfully
ymns Rao
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Guest (Expert)
11 November 2009 yes its taxable.

1. less than three years : Short

Otherwisr longterm.

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