During AY:18-19, i received a huge amount from government in lieu of my land property which was acquired by them for the purpose of road extension...
What would b it's treatment at the time of filing my itr-4 for this AY:18-19.??
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AMOUNT RECEIPT FROM GOVERNMENT
Replies (3)
calculate how much capital gains and pay tax.
thank u so much
please go through your acquisition or compensation order. if the compulsory acquisition was effected under rfctlaar act, the entire capital gain is exempt from tax
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