I get money from govt for land compensation...and I am a labour.
Now to claim refund which return i file??
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Land compensation
Replies (5)
Quick Summary
ITR 4 BUT if you get salary for your labour work then ITR 1
Is your land Compulsory acquired by Government ?
It's agriculture land or non agriculture land ?
It's agriculture land or non agriculture land ?
Agriculture land
Yes acquire by govt
Yes acquire by govt
If this land is in rural area than there is no Capital Gain, totally exempt.
If this land in urban area than there is capital gain but it's Exempt from tax u/s 10 (37) of income tax Act, 1961.
If You are a farmer i.e you have a income from Agriculture than required to file form ITR 2 and in that form you can claim refund of TDS deducted by Government.
If this land in urban area than there is capital gain but it's Exempt from tax u/s 10 (37) of income tax Act, 1961.
If You are a farmer i.e you have a income from Agriculture than required to file form ITR 2 and in that form you can claim refund of TDS deducted by Government.
In both case file the exempted coloum by choosing others and putting the section as per the details as per bank statement with the amount
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