Menu
Interest received on govt land acquisition
(1)WE HAVE RECEIVED INTEREST ON CENTRAL GOVERNMENT ACQUISITION LAND FROM COURT IT IS TAXABLE OR EXEMPT ,(2)AND AMOUNT RECEIVED ON ACQUISITION LAND FROM CENTRAL GOVERNMENT IT IS EXEMPTION OR CAPITAL GAIN TAX IS APPLICABLE
Replies (1)
Capital gain tax is applicable u/s 45(5) for compulsory acquisition of land from central government.
Interest on compensation is taxable u/s 56(viii).
Recent Threads
- Capital gains calculation on sale of property
- IMS data not showing
- Please explain about tax calculation in fy 2025-26
- HSN Summary in builder case
- HOW TO DEAL WITH TRAVEL AGENT- HOW THEY RAISE THE
- E Way and E invoice required while movement of Exp
- ESI Applicability As per new wage Code
- Hottest NRI revenues and taxes on it in india
- LTCG on Sale of land bought on 23.07.14 and sold o
- PART B TO D IN INCOME TAX BLOCK RETURN ITRB
Related Threads
CAclubindia
