I get money from govt for land compensation...and I am a labour.
Now to claim refund which return i file??
5 Replies
ayusmita
(Tax consultant)
(5885 Points)
Replied 05 October 2020
ITR 4 BUT if you get salary for your labour work then ITR 1
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 05 October 2020
Is your land Compulsory acquired by Government ?
It's agriculture land or non agriculture land ?
It's agriculture land or non agriculture land ?
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 05 October 2020
If this land is in rural area than there is no Capital Gain, totally exempt.
If this land in urban area than there is capital gain but it's Exempt from tax u/s 10 (37) of income tax Act, 1961.
If You are a farmer i.e you have a income from Agriculture than required to file form ITR 2 and in that form you can claim refund of TDS deducted by Government.
If this land in urban area than there is capital gain but it's Exempt from tax u/s 10 (37) of income tax Act, 1961.
If You are a farmer i.e you have a income from Agriculture than required to file form ITR 2 and in that form you can claim refund of TDS deducted by Government.
ayusmita
(Tax consultant)
(5885 Points)
Replied 05 October 2020
In both case file the exempted coloum by choosing others and putting the section as per the details as per bank statement with the amount
Recent Topics
- Softex For freelancer ?
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
Related Threads
CAclubindia
