compensation / rent received against compulsory acquisition
Dhruv Jain (Practicioner) (202 Points)
13 June 2018Dhruv Jain (Practicioner) (202 Points)
13 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171253 Points)
Replied 13 June 2018
When was the property aquired?
Check if the aquisition is under RFCTLARR act?
How much TDS deducted?
Dhruv Jain
(Practicioner)
(202 Points)
Replied 13 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171253 Points)
Replied 13 June 2018
Follow the notification...... if applicable, it will be tax-exempt
Dhruv Jain
(Practicioner)
(202 Points)
Replied 13 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171253 Points)
Replied 13 June 2018
When rent is already expended against compensation received, there will not be any taxability. But any excess amount received will be taxed under 'IFOS'
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)