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.
Menu
Capital Gains Tax on compulsory acquisition of agricultural land in 2011 under the NHAI act
Replies (1)
Such income is not taxable.
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
