Capital gains OR HARDSHIP COmpensation
This query is : Resolved
Quick Summary
Ecstasyvio
(Querist)
08 June 2024
Builder wants to pay delay in payment, interest in form of hardship compensation. so what is the tax treatment on this?
Dhirajlal Rambhia
(Expert)
08 June 2024
Interest on late payment is taxable u/h. IFOS.
Ecstasyvio
(Querist)
09 June 2024
what about hardship compensation? is it taxable?
Dhirajlal Rambhia
(Expert)
09 June 2024
Depends upon the exact hardship loss.... Just term used like hardship do not make it exempt.
Dhirajlal Rambhia
(Expert)
31 August 2024
Good luck.
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