Agricultural land acquired by govt and compensation received
chander (article) (57 Points)
31 August 2015chander (article) (57 Points)
31 August 2015
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 31 August 2015
If the property is agricultural land situated in rural area, then no tax liability on account of capital gain.
CA Chandra Prakash
(9873059766 Increasing knowledge through sharing)
(296 Points)
Replied 31 August 2015