| Question And Answer | |
|---|---|
| Subject: | Maharashtra Project Affected Persons Rehabilitation Act, 1999 |
| Category: | Income-Tax |
| Querist: | BKS |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | alternative flat, Capital Gains |
| Date: | February 17, 2023 |
Is Maharashtra Project Affected Persons liable to capital gains on alternative flat allotted free?
The Scheme and the award would have to be studied for a better understanding. Prima facie, appears to be in the nature of hardship compensation which is a capital receipt not exigible for tax.
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