Question And Answer
Subject: Maharashtra Project Affected Persons Rehabilitation Act, 1999
Querist: BKS
Answered by:
Tags: ,
Date: February 17, 2023
Query asked by BKS

Is Maharashtra Project Affected Persons liable to capital gains on alternative flat allotted free?

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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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