Enhanced Compensation and Section 28 Interest on Compulsorily Acquired Rural Agricultural Land Held Non-Taxable
Enhanced Compensation and Section 28 Interest on Compulsorily Acquired Rural Agricultural Land Held Non-Taxable Issue Whether enhanced compensation received on the compulsory acquisition of rural agricultural land situated beyond eight kilometers from municipal limits is taxable as capital gains under Section 45(5) read with Section 2(14)(iii). Whether interest awarded under Section 28 of the Land… Read More »