Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 08 February 2018
If aquired under The RFCTLARR Act which came into effect from 1st January, 2014....... No tax liability, but if aquired under The Land aquisition act, 1984...... it will be taxable under capital gains.....
bharathi
(Student CA IPC / IPCC)
(50 Points)
Replied 08 February 2018
i also wanted to know if tuition fees paid by assesee on behalf of his sister (Assessee is legal gaurdian) and interest on educaitonal laon of sister - whether deduction can be claimed by him ?
bharathi
(Student CA IPC / IPCC)
(50 Points)
Replied 08 February 2018
is there any circular in this regard? since nothing is specified regarding compoulsory aquistion of non - agri land under income tax ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 08 February 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 08 February 2018
1. Not clear..... about how he became the legal guardian of his sister........... if legally yes, ....... yes he can avail deduction u/s. 80C.
2. Education loan taken for siblings or other relatives don't qualify for Section 80E benefit.
CAclubindia
