Easy Office
LCI Learning

Compensation Received from government

This query is : Resolved 

24 September 2019 We have received compensation received from government for use of land to underground pipeline of rs 600000(Approx). Whether taxable or not ? Under income tax ? If it is taxable then which head of income is to be considered and under which section ?

24 September 2019 If the land is an agricultural land compensation will be treated as agricultural income exempt from tax.



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




Answer Query