|Question And Answer|
|Subject:||Maharashtra Project Affected Persons Rehabilitation Act, 1999|
|Answered by:||Advocate Shashi Ashok Bekal|
|Tags:||alternative flat, Capital Gains|
|Date:||February 17, 2023|
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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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