CA Srikant Agarwal
Please find attached the Excel file containing Income Tax calculator as modified by Finance Bill 2016 presented on 29th February 2016.
The above Income Tax calculator contains the rate of tax for last 20 financial year (i.e Financial year 1997-98 to 2016-17) and income tax calculator for last 10 years (i.e Financial year 2006-07 to 2016-17) for Individuals.
Download Income tax calculator for FY 2006-07 to FY 2016-17
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Filed FY 19-20 RETURN on 27/6/20 WITH FORM 10E FOR DIFFERENCE I RECEIVED FROM FY 04-05 TO 19-20…While filing distributed income for respective year wise but considered investments made to those particular years n then calculated income tax accordingly..Have I made mistake considering investments made earlier years ? Return is under process since 11/12/20 but no refund received yet..
Sir
I got compensation rs 1.25 crore from UP govt. On acquiring my agricultural land in Aug 2019,I got that amount fixed deposit for 9 months.I got rs 8 lakh as interest and subsequently tds was deducted.
Now my question is…
Whether compensation received for agricultural land is tax free.? if no..
How the tax would be calculated
Kindly guide