Acquisition of non agricultural land under state act but compansation method as per rfctlarr

Tax queries 235 views 2 replies
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Manager (Finance and Taxation)
24 Points Joined August 2011

NON AGRICULTURAL LAND AND HOUSE ACQUISITION CASE

FOR STATE GOVT PROJECT LAND ACQUIRED UNDER STATE HIGHWAYS ACT AND COMPENSATION AWARD IS CALCULATED AS PER SECTION 26 TO 30 OF RFCTLARR ACT, AND SECTION 105 C OF RFCTLARR ACT 2013

IS IT LIABLE FOR EXEMPTION UNDER SECTION 96 OF RFCTLARR ACT.

OR

IS IT EXEMPTED AS PER CIRCULAR NO 36 /2016 OF FINANCE (NO 2) ACT 2004

 

 

 

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On 24 August 2019 at 13:11 Report
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17264 Points Joined December 2018
please let know whether any TDS deducted on this amount by Govt. Any mention of taxation in the letter correspondence by the Govt Dept
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On 24 August 2019 at 17:04
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39 Points Joined April 2016
It is exempted under 96 of rfctlarr act. and same has been clarified under circular no 36/2016
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On 11 August 2021 at 16:28


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