Vishvendra Dabi (3 Points)
10 September 2018
10(37) exemption available only if the certian condition specified in the section are fulfilled and out of them one of the condition is that: consideration / compensation for transfer of urban agriculture land is received by assessee.
What if it is received by a person other than assessee I,e legal heir then captial gain exemption is available or not
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 10 September 2018
TRANSFER IN URBAN LAND IS TAXABLE WHETHER COMPENSATION RECEIVED FROM THE ASSESSEE OR HIS LEGAL HEIR
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
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