Sir I am a Government servant paying Income tax. I'm going to get the some lakhs amount (which I came to know is exempt from payment of income tax) from the Government of land acquisition of my mother's property as a legal heir share.
My question is, do I need to pay tax for my share amount?
Do I need to submit the details in my office?
Do I need to show in my IT returns?
kindly give me correct information as I am confused.
Thank you in advance.
Regards
Yousuff
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What is the solution
Replies (1)
You sale it
or your mother
whose Account the money comes
tds cut or not
or your mother
whose Account the money comes
tds cut or not
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