Dear Experts
Kindly clarify the following:
My friend has been offered a compensation due to road widening by State Govt. should the amount recieved be treated as capital gain or there is any exmption ? whether TDS would be applied by Govt.
thanks
GR Babu
no exemption
capital gains in the year compensation received
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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Subrahmanyam & Sivudu CA Firm
Hyderabad
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K R Kiran Kumar & Associates
Bengaluru
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Bharat Shah & Associates
Mumbai
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CCI
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