Compensation for house acquired
vibha trivedi (16 Points)
23 July 2023compensation for land on which the above house was situated paid separately amount 12,00,000/- by ADM land acquisition but in passbook entry by NHAI, TDS deducted under 194LA.
above is for one assessee for f. y. 22-23 , 54F available upto 15 lakh.
what will be the tax treatment for above compensation received for demoltion of house?