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Capital gain

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(Querist)
03 April 2014 if govt.compulsory acquisition of land of any person so it is taxable ?
capital gain will applicable ?
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C.A. Mayur J. Raiyani

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C.A. Mayur J. Raiyani (Expert)
03 April 2014 gain on transfer of agriculture land which has been compulsorily acquired by govt. is exempt u/s 10(37), rest of cases cg is applicable

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