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Capital gains OR HARDSHIP COmpensation

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08 June 2024 Builder wants to pay delay in payment, interest in form of hardship compensation. so what is the tax treatment on this?

08 June 2024 Interest on late payment is taxable u/h. IFOS.

09 June 2024 what about hardship compensation? is it taxable?

09 June 2024 Depends upon the exact hardship loss.... Just term used like hardship do not make it exempt.

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