QUERY ON CAPITAL GAINS

WHETHER ANY EXEMPTION AVAILABLE ON CAPITAL GAINS AMOUNT IN CASES OF COMPULSORY LAND ACQUISITION BY GOVERNMENT FOR BANGALORE METRO PROJECTS

IF IT IS AVAILABLE IT HELPS LOTS OF PEOPLE PLEASE HELP ME

Replies (2)

IF THE LAND IS FORMING THE PART OF INDUSTRIAL UNDERTAKING THEN EXEMPTION IS AVAILABLE U/S 54D OF INCOME TAX ACT .

if agriculture land is agriculture land then section 10(37) exemption is available eventhough its urban land

if not then section 54B is available

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