Compensation Received in Respect of Award or Agreement is Exempted from levy of Income Tax
CBDT Circular No. 36/2016 – Taxability of the compensation received by the land owners for the land acquired under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (‘RFCTLARR Act’) – reg. 1. Under the existing provisions of the … Continue Reading →
