WE RECEIVED COMPENSION PAYMENT 540000 RS TDS DEDUCT 40500.00 BUT WE BENEFITS UNDER REHABILITATION AND RESETTLEMENT Various provisions have been made for the affected families towards their displacement on account of land acquisitions by the governments. The following are the details:
Houses: - All affected families are entitled to a house provided they have been residing in an area for five years or more and have been displaced. In case of refusal to accept the house, the affected families are offered a one-time financial grant in lieu of the same.
Please suggest me this is a exempt income or not .
CAclubindia
