Menu
compulsory acquisition of agricultural land
what is the treatment of compensation received from Railways in case of compulsory acquisition of agricultural land by the Railway Department?
Replies (3)
Compulsory acquisition of agricultural land is exempted us 10(37) subject to following conditions
It should be used for agricultural purpose for two years immediately preceding the date of transfer
It should be used for agricultural purpose for two years immediately preceding the date of transfer
Exempted under section 10(37) provided the land should have been used for agricultutal purposes for two years preceding the date of aquisition.
It is applicable to an individual or HUF only
Recent Threads
- Procedure for 'inter-unit job work' under GST Act
- Advances received and Advances adjusted - HSN Summ
- TAX ON SALE OF COMPANY'S SHARES
- Refund on Hold - Section 245
- CLARITY REGARDING ESIC WAGE CALCULATION AFTER NEW
- GST Rule 14A for Export of Service with Hypothetic
- GST ON QUERY
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
Related Threads
CAclubindia
