Sir,
My land is acquired by government for construction of road for 55,00,000 deducted TDS under 194la of Rs 5,50,000. I didn't have any other income.
My question is
1. Which itr should i file return,?
2. Weather i get any exemption? If yes then should i show in ITR?
3. Whether I should show it is in capital gain?
Menu
Query Regarding 194LA
Replies (6)
1. ITR 2
2. Depends upon the act upon which its aquired.
3. Yes, if not exempted under any clause.
Weather i get any exemption sir...
It is acquired by special land acquisition & competent authority, National Highway - 209 for construction of highway.
It is acquired by special land acquisition & competent authority, National Highway - 209 for construction of highway.
Yes, exemption is granted if the land is acquired under RFCTLAAR act.
Where should i show in ITR sir..?
Whether it is fully exempt or partial exempt..?
Whether it is fully exempt or partial exempt..?
Yes, if acquired under the said act, it is fully exempt. Can be declared under schedule EI of ITR
Thank you Gautam Sir & deepika Mam..
Recent Topic
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
Related Topics
CAclubindia
