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Taxability of Compensation Received on Compulsory Acquisition of Land

This query is : Resolved 

18 February 2022 Sir,

I want to know the tax liability in case of compulsory acquisition land by Highway Authority of India during the financial 2020-21. I have Received compensation during the financial year 2020-21. Whether this compensation was exempt or taxable under capital gain?

18 February 2022 This compensation is exempt from income tax.



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