respected sir , I was owner of a land , that land aquired by govt of haryana and give the compensaion to us , 17484900/- we are the five member of this amount me , mother and my five sisters , after that i purchased a land. for rs 7895000/- the every share of them are following . INvestment in house by each of five member.
| 2963000 | 2133000 | 933000 | 933000 | TOTAL 7895000 |
all these amount received by us after TDS. Plz tell me remaining amout after investment is taxable or free of tax and is any provision for this we refunded tds.
CAclubindia
