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Compulsarily Acquisition

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 November 2009 The Govt. Compulsarili acquired land in the year 1992-93. However compensation received in the year 2008-09. In between the assessee has died in the year 2006-07.now compensation received his legal heirs.

What about tax liability
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Jagdish Narayan Sawant

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Jagdish Narayan Sawant (Expert)
25 November 2009 it will be taxable in the hands of legal heirs in the previous year in which it is received

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