Tag Archives: Section 10(37)

Section 10(37) -Income Tax Exemption on Transfer of Agricultural Land

Section 10(37) of Income Tax Act Section 10 (37 ) inserted by the Finance (No. 2) Act, 2004, w.e.f. 1-4-2005 Exemption of capital gains on compensation received on compulsory acquisition of agricultural land situated within specified urban limits Incomes not included in total income. 10. In computing the total income of a previous year of any person,… Read More »