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(Querist)
07 November 2017 Sir, I have received recently Rs 30,00,000 in April 2016 from NHAI national highway authority of India regarding land has taken from me which was used to lay highway
Should I disclose it while filing my income tax assessment?
What is the treatment for such money

Pleas help me
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
08 November 2017 depends on the nature of land whether it was agriculture land or not.
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T.V.Srinivas

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T.V.Srinivas (Querist)
08 November 2017 What is the effect of it is agriculture land
What if it is non agricultural land

How to know whether it is agriculture land or not?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
01 October 2021 Any compensation received for Land acquisition under RFTLAAR act, 2013 is tax exempt. Declare it under exempt income, if applicable.

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