Easy Office
LCI Learning

Compensation paid

This query is : Resolved 
Profile Image

Profile Image

(Querist)
31 December 2015 An assessed acquired land in rs. 10lakh f.Y. 2007-08 and paid compensation of rs. 30 lakh in f.y.2010-11 for cancellation of agreement to sale. Whether said compensation may be treated as expenditure or cost of improvement
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
02 January 2016 From the query it is not clear, to whom the compensation is paid in respect of which sale agreement it was paid ?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links