Income tax - reg.
This query is : Resolved
Guest
Guest
(Querist)
14 August 2020
Respected sir, my friend had compensation amount of Rs.55 lacs without tds from Power Grid Corporation of india for Power Line Corridor through over his residential vacant land. My question is the amount is taxable or nontaxable. Kindly clarify me sir.
Regards
Jack Arul
Regards
Jack Arul
Guest
Guest
(Querist)
15 August 2020
sir kindly replay me sir
regards
Arul j
regards
Arul j
31 October 2021
If its rural agricultural land, then not taxable.
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