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Land acquisition
Non agricultural Land has been acquired by NHAI and compensation received by NHAI 1)Whether it is taxable under income tax for AY 2019-202) Can I investment under Bond
Replies (3)
yes it is taxable in the year you receive 1st installment or full compensation
NO IT IS NOT TAXABLE . PLESASE REFER NOTIFICATION 36/2016 INCOME TAX . IT IS TAX FREE FOR LAND ACQUISITION
PLEASE SIMPLY GOOGLE YOU GET INFO . CIRCULAR DATED 26 OCT 16 CLARIFIES ALL LAND ACQUISITION AS NON TAXABLE
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