Tax on sale of plot

Please clarify the nature of compensation you received

I got this plot as a compensation from NOIDA authority in connection with their 'Kisaan zameen adhigrahan'. I mean Noida authority accquired my agricultural land and i was compensated for that with some money and this plot.

 

Regards

You have to pay tax on such transaction.
B'coz compulsory acquisition is also considered as transfer.

Consult to your nearby CA for tax implication & other procedures as it will be more helpful than disussing here.
Each & every aspect can't be clear out.

I feel you are slightly confused here. You received compensation on the aquisition on which you paid taxes. in addition to the compensation, you received a plot too. You didn't pay any tax on that too. But now subsequently you have sold the plot. This transaction has nothing to do with the aquisition. Taxability on it will depend on factors whether this plot fall under definition of Agricultural land or not.