Question ID : 41131

Taxability in case of compulsory acquisition of the property

Hello Everyone!!! What will be the taxability of compensation received by the members of the society from the society for compulsory acquisition of common area of society by the government? Here, the Government authority will provide compensation to society and then society will distribute to members? So, how members taxability would be computed?

posted by Manisha on Aug 31 2021 12:00AM