The Central Government acquires a house property owned by X on October 17, 2017. This property was purchased
by April 10, 1998 for 76,000 (cost of improvement incurred during 2009-10 : 40,000 and fair market value of the
property on April 1, 2001 was 1,32,000). The Government awards 5,67,000 as compensation out of which 1,00,000 is
received on May 4, 2020 and 4,67,000 is received on April 1, 2021. Expenditure incurred by X for getting compensation
fixed : 2,000. Being aggrieved against the award, X files an appeal. The court, as per order dated August 1, 2022,
enhanced the compensation from 5,67,000 to 8,50,000 (legal expenditure incurred in court’s proceedings: 10,000).
X receives the additional compensation of 1,83,000 on April 15, 2023 & Balance 1,00,000 is received on May 19,
2024. Compute the income under the head “Capital gains”. Does it make any difference if the additional
compensation is received by X’s son after the death of X ?
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