compulsory aqusition of land

356 views 3 replies
sir
agriculture land compulsory acquisition by Central govt. such land exemption u/s 10(37) but my case land is non agriculture land such land is urban land it is taxable or not
as per circular no 36/2016 issue by CBDT say that any agriculture or non agriculture land acquisition by Central government in special law than such land exemption under the income tax act
Replies (3)
the capital gains will be exempted in your case only if your land has been compulsorily acquired under rfctlarr act
land will be aquierd for the propse of samrudhi mahamarg
sir i am not testing thanks rama krishnan sir sharing your knowledge with me thanku sir 🙏


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register