Suggest wheather compensation received by tea company from govt is taxable in india as per income tax act 1961 ??
Menu
Compensation on agricultural land
Replies (1)
rural agricultural land is not considered as a capital asset. thus any amt recvd on sale or on compulsory acquisition of such land will be exempt from tax.
Recent Topics :
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
- AIS Password: How to Open Your AIS PDF?
- Interview Questions
- ITR Filing Last Date 2026
- Tds - filing Conso File for tax year 2026-27
- ITR-3 Filing For AY 2026-27 - Tips
Related Topics :
CAclubindia
