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interest on compensation award by court ?


04 May 2016 Hello can interest on compensation award by the order of court, taxable ? can assesses claim benefit under section 57 ?

05 May 2016 1. Interest is taxable.

2. Deduction u/s 57 (iv) is permitted.

05 May 2016 yes it is taxable under income from other source and you cna claim the dedcution 50% of intt u/.s 57




05 May 2016 Thank u sir



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