banner_ad

capital gain

150 views 3 replies
sir .. many years before assessee's family house n all aquired by govt . for the purpose of construction of new dam in that area. now govt gave jobs to few affected people & those who dint get job for them govt paid money by deducting tds @ 10% us 194LA .. how to account this compensation in tax computation ??? it is taxable or exempted ?? if exempted how to show in ITR ??
Replies (3)

You can claim this TDS by filing returns 

If you have any tax liability you can adjust TDS figure with your tax liablility

if this exempted how to show in ITR ??
Yes, capital gain is to be computed u/s 45 of Income Tax Act.
capital gain will be calculated as follows: –

Full Value of Consideration - (compensationreceived)

Less: Cost of Acquisition-( Indexed COA)

Capital Gain/Loss                              


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details