Please refer to the attach circular regarding tax exemption on land aquisition under RFCTLARR act .
Please calrify weather :-
1. Non agricultural land aquired unde the act will be exempted or not.
2. Weather the exxemption is for individual, HUF ONLY . If the land is owned by Private limited company and is aquired under the Land Aquistion act weather tax exemption is applicable to them or not .