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Tax on agricultural land and building

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(Querist)
16 August 2013 sir,
please comment on the taxability of compulsory acquisition of following assets of an individual:

1) rural agricultural land
2) residential building on the above land

if the compensation for the above two assets is calculated sepeartely by the govt.

please reply urgently
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CA. Brijesh Baranwal

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CA. Brijesh Baranwal (Expert)
17 August 2013 Your query is not clear. Pls see the provisions of capital gain laws.

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