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