My mother had purchased an property (plot) on 2009 in a Rural area (can call it a semi remote place). This was acquired by TN State government at the year 2012 for river linking Project.
My mother passed away on 2015. I started following up regarding the compensation once i came to know few people got compensation at 2018.
Finally we got the compensation on June-2023. Kindly clarify LTCG tax is applicable for this transaction or not if considered as agricultural Property & in case non agricultural Property
CAclubindia
