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capital gain

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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                              


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