CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Capital gain on compensation on compulsory acquisition


Puneet Matha   29 May 2020

Puneet Matha

 1 likes  11 points

| My Other Post

what will be the date of transfer in case of compulsory acquisition and upto which previous year indexation will be done?

avater

Kiran Hathalia   29 May 2020

Kiran Hathalia

 34 likes  666 points

View Profile | My Other Post

As per section 45(5) of the Act, Initial compensation receieved by the assessee shall be taxable in the previous year in which it is first received.

In case of enhanced compensation other than compensation receieved by way of interim order of the court or tribunal, shall be taxable in the previous year in which it is received by the assessee.

In case of compensation received by way of interim order of the court, it shall be taxable in the previous year in which final order is made by the authorities.

The cost of aquisition shall be taken as NIL.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading

Popular Discussion


view more »



Trending Tags
epfo
icsi
ca students
rbi
epf
tin nsdl
gstr 3b
tds
tcs
itr
dgft
esic
eway bill
ca rankholder interview
exams
custom
traces
llp
students
Professional Resource
VAT
corporate law

GST Live Class    |    x