Compensation on compulsory acquisition of land.

If the land acquired is under RFTLAAR act 2013 (Section 96), the receipt is tax exempt. Its declared under Schedule EI and refund can be claimed. (CBDT Circular No. 36/2016 dt. 25 Oct. 2016)

sir how shall i claim exemption under RFTLAAR ACT,Circular No. 36/2016 dt. 25 Oct. 2016)

and which ITR i have to summit.

also tell me the procedure of refund claim.

for this act i will much oblighed to you.

Just verify from the acquisition order, whether the land was acquired under 'THE RIGHT TO FAIR COMPENSATION AND TRANSPARENCY IN LAND ACQUISITION, REHABILITATION AND RESETTLEMENT ACT, 2013?'

Dear sir, good evening

Respected sir, my friend had compensation amount of Rs.55 lacs with out tds from Power Grid Corporation of india for Power Line Corridor through his residential vacant land. My question is the amount is taxable or nontaxable. Kindly clarify me sir.

Regards

Jack Arul

respected sir,

kindly reply me sir

regards

Jack arul