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How Section 10(37) Impacts Tax Relief on Compensation for Agricultural Land Acquisition: Complete Guide

The compulsory acquisition of agricultural land by the government or any other public authority is a significant event that may involve a compensation payment to the landowner. The tax implications of receiving compensation for the compulsory acquisition of agricultural

“How to Calculate Capital Gains from Compulsory Acquisition of Land and Buildings Under Section 45(5A)”

Section 45(5A) of the Income Tax Act, 1961 deals with the taxation of capital gains arising from the transfer of certain land and buildings, particularly in cases where the land or building is transferred under a compulsory acquisition scenario.

“How to Handle Capital Gains Tax in the Case of Compulsory Acquisition Under Section 45(5A)”

The Income Tax Act, 1961 provides specific provisions for the taxation of capital gains arising from the compulsory acquisition of assets under Section 45(5A). When a government authority acquires a capital asset (such as land, property, or any other