Agriculture Ito
Income Tax Question on Compensation received on compulsary acquisition of agriculture land.?
An Individual received compensation on the land compulsary acquired by the govt. It was the agriculture land. The ITO(Income Tax Officer) taxed the entire amount received as compensation. Is the compensation received on compulsary acquisition of agriculture land exempt under section 10 of Income Tax Act 1964.
P.S.:Question related to Indian Income Tax.
Section 54 is related to Capital Gain and section 10 is related to the Income exempt and the compensation for the compulsary acquisition of the agriculture land kindly tell me any case law if any regarding this exemption.
I am a Tax consultant.
since I had similar problem ,I let you know what my auditor did to me.There is no need to pay tax if : it is an agriculutural land, if it is not in the notified area; if it is in a rural area; if the population is less than 10000; if the land belongs to HUF;if the land is situated about 15 km away from the town.These are some of the exemption points. The best thing is to consult a competant auditor.
Sector Report Ep 51: AG ITO – Part 1
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Anemone, Ito Sea $39.99 Charles Glover Anemone, Ito Sea – Giclee Print |
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The Japanese Dancer Michio Ito $39.99 The Japanese Dancer Michio Ito – Giclee Print |
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Yasuhide Ito $58.94 High Quality Content by WIKIPEDIA articles Yasuhide Ito is a contemporary Japanese composer. Yasuhide Ito has earned much praise for his compositional endeavors. In all, Ito is credited for more than 130 musical works. This collection of musical works includes pieces for wind ensemble, orchestra, instrumental chamber ensembles, solo voice, various solo wind instruments, piano, solo percussion, solo string instruments, and various other instruments such as organ, cembalo, accordion, and harmonica. Ito is probably most well known as a composer of band music. Among his most popular works for wind ensemble are Gloriosa (Gururiyoza), which is among the most frequently played repertories in the world, and Festal Scenes, the piece which with Ito made his United States debut in 1987. This U.S. premiere took place during a joint convention between the American Band Association and the Japanese Band Association in Tennessee. Ito himself conducted the orchestra that premiered his piece. Author: Surhone, Lambert M./ Tennoe, Mariam T./ Henssonow, Susan F. Binding Type: Paperback Number of Pages: 66 Publication Date: 2010/08/20 Language: English Dimensions: 6.00 x 9.02 x 0.16 inches |
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Yuna Ito $71.7 High Quality Content by WIKIPEDIA articles Yuna Ito (born September 20, 1983) is an American pop singersongwriter and actress who is active in Japan. She was born in Los Angeles and was raised in Hawaii. Ito made her musical debut with the single, Endless Story, which was used as one of the theme songs for the 2005 film Nana; she also starred in the film, portraying Reira Serizawa. In 2006, Ito reprised her role as Reira for the sequel of the film singing the theme song, Truth. In 2007, Ito released her debut album, Heart, which debuted atop the Oricon. In 2005, Ito was chosen to portray Reira Serizawa, the vocalist for rock band Trapnest in the film adaptation of Ai Yazawas popular manga series Nana. She released her debut single, Endless Story, under the name Reira Starring Yuna Ito ; the song was used as one of the theme songs for the film. Endless Story debuted on the Oricon chart at the #2 position. Following the release of Endless Story was her second single, Faith/Pureyes (2006), which debuted at #6 on the charts, failing to achieve the success that Endless Story had achieved. Author: Surhone, Lambert M./ Tennoe, Mariam T./ Henssonow, Susan F. Binding Type: Paperback Number of Pages: 80 Publication Date: 2010/09/22 Language: English Dimensions: 6.00 x 9.02 x 0.19 inches |
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Yuzuru Ito $73.28 High Quality Content by WIKIPEDIA articles Yuzuru Ito was the founder of Achieving Competitive Excellence (ACE) and Ito University. United Technologies Corporation (UTe established Ito University as the tangible means to build a network of lean, leadership philosophies to improve UTCs internal and external supply systems. The 64yearold Matsushita Electric Industrial Co. (MC ) retiree named Yuzuru Ito to move to a Hartford suburb to work on improving the productivity of UTCs businesses. George David first encountered Ito in 1989, after he was brought in by the units Japanese joint venture partner, Matsushita Industrial, to try and figure out why Otis fancy new Elevonic 401 elevators were such clunkers. Their callback rates the number of times per year a building owner has to call mechanics for service were as high as 40 per unit a year, vs. an average of 0.5 for rival Mitsubishi Electric. When Otis dispatched a team of U.S. engineers to get the machines working, their Japanese partners hauled them into the boardroom to analyze the cause of the problem even as some elevators were shut down and literally burning. Author: Surhone, Lambert M./ Tennoe, Mariam T./ Henssonow, Susan F. Binding Type: Paperback Number of Pages: 80 Publication Date: 2010/09/30 Language: English Dimensions: 5.98 x 9.01 x 0.19 inches |
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Category: Agriculture & Forestry