Compulsory acquisition of land and builidng

sidhigiri (Ipcc) (236 Points)

06 June 2018  

CLIENT RECEIVED RS 15 LAKH FROM STATE GOVT AS COMPULSORY ACQUISITION OF HIS LAND & BUILDING ON AUGUST 17.

IN MARCH 2018 THEY RECOVERED RS 1.5 LAKH FROM BANK ACCOUNT  AS TDS @ 10% AFTER GIVING A NOTICE THAT ACQUIRED LAND IS NOT ACQUIRED THROUGH  Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013  AND SAME IS ACQUIRED BY PREVIOUS LAW

MY QUERY IS WHETHER COMPENSATION IS TAXABLE UNDER CAPITAL GAIN?