EASYOFFICE
EASYOFFICE

Income tax - reg.

This query is : Resolved 
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Guest

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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
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Guest (Querist)
15 August 2020 sir kindly replay me sir

regards

Arul j
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
31 October 2021 If its rural agricultural land, then not taxable.
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