Capital gain

This query is : Resolved 

13 October 2013 If compulsory Acquisition takes place the compensation has received by nominee on behalf of the owner. its taxable or non taxable? (i.e Death of the owner)

14 October 2013 It is taxable

14 October 2013 Yes, it is taxable..
If its a long term capital gain then exemption can be claimed U/S 54. 54EC, 54F, and 54 GB...




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