C.g. exemption for proceeds from sale of agricultural land

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25 Points Posted on 09 February 2012

Hi

How to save tax on Compensation received on compulsory acquisition of Agricultural land by government and under which section?????

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On 09 February 2012 at 22:36 Report
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Tax Consultation (US and India)
2970 Points Posted on 10 February 2012

If its urban then exemption can be availed u/s 10(37)

Rural is not consider as capital asset.

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On 10 February 2012 at 08:39

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