Tag Archives: section 10(37) of income tax act 1961

Section 10(37) Income Tax – Exemption on Transfer of Agricultural Land : Compensation received on compulsory acquisition

By | March 17, 2017

Section 10(37) Income Tax Act [ Section 10(37) Income Tax inserted by the Finance (No. 2) Act, 2004, w.e.f. 1-4-2005 ] Exemption of capital gains on compensation received on compulsory acquisition of agricultural land situated within specified urban limits Relevant Section 10(37) Income Tax Act Incomes not included in total income. 10. In computing the total… Read More »