SEO Sai Gr. Hosp.
211596 Points
Posted on 05 September 2021
If the land is aquired by Government under RAFTLAAR act, compensation received for compulsory acquisition of land is exempted from the levy of income-tax.
File the ITR with declaration of the sale transaction under Schedule EI.
Read more at: https://www.caclubindia.com/forum/are-they-eligible-for-tax-451875.asp
If the land is aquired by Government under RAFTLAAR act, compensation received for compulsory acquisition of land (except those made under section 46 of RFCTLARR Act), is exempted from the levy of income-tax.
Read more at: https://www.caclubindia.com/forum/are-they-eligible-for-tax-451875.asp
If the land is aquired by Government under RAFTLAAR act, compensation received for compulsory acquisition of land (except those made under section 46 of RFCTLARR Act), is exempted from the levy of income-tax.
Read more at: https://www.caclubindia.com/forum/are-they-eligible-for-tax-451875.asp