Tax on agricultural land and building
This query is : Resolved
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
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
17 August 2013
Your query is not clear. Pls see the provisions of capital gain laws.
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