Taxability of Compensation Received on Compulsory Acquisition of Land
This query is : Resolved
18 February 2022
Sir,
I want to know the tax liability in case of compulsory acquisition land by Highway Authority of India during the financial 2020-21. I have Received compensation during the financial year 2020-21. Whether this compensation was exempt or taxable under capital gain?
I want to know the tax liability in case of compulsory acquisition land by Highway Authority of India during the financial 2020-21. I have Received compensation during the financial year 2020-21. Whether this compensation was exempt or taxable under capital gain?
18 February 2022
This compensation is exempt from income tax.
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