Dear sir,
My House Acquisition in 20211 & compensation amount received 2017 after that we received additional 4.5 lac received due to provision of RFCTLARR act 2013 Under - All affected families are entitled to a house provided they have been residing in an area for five years or more and have been displaced. In case of refusal to accept the house, the affected families are offered a one-time financial grant in lieu of the same) we received same time money .
My question is (1)- This is a Exempt income u/s 96 under RFCTLARR act 2013 .(2) This is a capital gain
Next my Question is how to Show in ITR.
Amount Descripttion Amount Sale of land or buildingTDS-194LA Compensation received on acquisition of immovable property (Section 194LA)NOTHERN COALFIELDS LTD (ALDN00211B)1Amount paid/credited Rs. 4,05,000
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