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Taxation of Enhanced compensation from urban agricultural land

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(Querist)
23 May 2023 Hi,
Whether enhanced compensation received along with interest thereon by way of court order from compulsory acquisition of urban agricultural land is exempted under section 10(37).
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 May 2023 Principal portion is exempt u/s.10(37) and interest portion is taxable u/s 56(2)(viii) r.a.w.57(iv).
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Vikhas Ravi

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Vikhas Ravi (Querist)
23 May 2023 Thank you sir, for your valuable time.




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