The Central Board of Direct Tax vide the Circular No.36/2016 dated 25.08.2016 came out with a clarification that the exemption provided under Section 96 of the RFCTLARR Act is wider in scope than the tax-exemption provided under the existing provisions of Income-tax Act, 1961.In exempt income section of ITR , under which section of IT Act to mention compensation received from compulsory land acquisition ?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177810 Points)
Replied 07 November 2021
As section is not specified, it can be declared under Column 3 of 'Schedule EI' sub-column 'Any Other" with descripttion as 'Acquisition under RFCTLAAR act'.
Recent Topics
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
Related Threads
CAclubindia
