Compulsory agricultural land compensation is tax-exempt, but attached structures attract capital gains tax.
Compulsory agricultural land compensation is tax-exempt, but attached structures attract capital gains tax. Compulsory agricultural land compensation is tax-exempt, but attached structures attract capital gains tax. Issue Whether compensation received on the compulsory acquisition of agricultural land situated in a notified area outside municipal limits is exempt from capital gains tax under Section 10(37). Whether… Read More »