Compulsory acquisition by government

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Accountant
24 Points Posted on 07 March 2021
Dear experts,

how to file it return for land compulsory acquisitions by government for the ay 2014-15 ...
wheather have to file as a normal return or have to file capital gains ..
and which itr form will applicable?
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On 07 March 2021 at 02:07 Report
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This discussion addresses how to file tax returns for land compulsorily acquired by the government for AY 2014-15. It clarifies that capital gains are applicable in such cases. However, a new rule introduced after 2013 means capital gains from compulsory acquisitions are no longer taxable.

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Chartered Accountant
24588 Points Posted on 07 March 2021
Capital Gains will be applicable in case of compulsory acquisition of land by government
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On 07 March 2021 at 06:13
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1392 Points Posted on 07 March 2021
In case of compulsory acqusition capital gain is not taxable after 2013 new rule
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On 07 March 2021 at 13:33

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