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Capital Gains Tax on compulsory acquisition of agricultural land in 2011 under the NHAI act

SUMEET WALIA (1 Points)

21 July 2021  

Hi,
My agriculture land was compulsorily acquired in 2011 under the NHAI act 1956. I received some enhanced compensation recently and I am not sure if I am liable to pay capital gains tax on this as NHAI act is treated differently to any other act for this purpose. The acquisition was completed and compensation determined in 2012.


 1 Replies

CA Rashmi Gandhi (Chartered Accountant) (58998 Points)
Replied 22 July 2021

Such income is not taxable.
1 Like

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