Respected sir
I am ninad, I have a question about ex gratia payment
Maharashtra government has taken our land and has paid the amount as ex gratia my question that does this amount is taxable please consider
your faithfully
Ninad
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Exgratia
Replies (2)
exgratia is to be reckoned along with value of consideration for computing Capital Gain
ex gratia payment means the payment over and above the normal consideration for acquiring land by govt.
and this ex gratia receipts is part and parcel of sale consideration for the purpose of calculation capital gain.
hence it is taxable
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