Sir,
compensation given by govt on compulsory land acquisition is taxable or not..
if yes then how to calculate sir. (like same calculation for land sell as normal or some other way.)
thank you sir/madam
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Land acquisition tax
Replies (3)
I think it is not taxable.
It is taxable in the year of receipt.
Thank you sir.. then tax liability will be same as simple land selling or some other clause sir
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