Whether the amount of compenstation awarded towards structures and trees on NA Residential Land compulsorily acquired for National Highway by NHAI taxable as sale consideration or taxable separately, if yes under which head?
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Capital gains tax-sale of na land
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please tell whether it's acquired under rfctlaar act?
It is acquired under NHAI Act & Notification, Further the amount towards Land is not paid since the land was held to be of public utility, but the compensation towards structures and trees is given, now the issue is whether the same is liable to Tax or Not? Further if there is any exemption under which section?
what structures?
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