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Query on income exempted from capital gains

ITR 376 views 1 replies
An urbaan Agricultural land was compulsorily acquired by the National Highways Authority of India and the compensation received from the National Highways amounting to Rs.20 Twenty Lakhs is exempt from incometax under section 10(37) of I T Act.In the I T return where should this income be shown, i.e under which head whether under Exempted income or capital gains column. Kindly help me to file the return

Read more at: /forum/capital-gains-income-initmation-us-143-1--291327.asp#.U2-v-oKJT3M
Replies (1)

Under exepmted Income..


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