COMENSATION. RECEIVED FROM BUILDER IS TAXABLE OR NOT
This query is : Resolved
Quick Summary
26 July 2024
Sir I HAD BEEN GIVEN A COMPENSATION FROM BUILDER AS DELAYED INTEREST ON POSSESSION OF FLAT BOOKED IN 2013 and agreed date of possession is 31 dec 2016 . I am not exiting thevproject and soon possession of flat will be given by builder in next month. Whether there is any laiblity of Income Tax or Not
Dhirajlal Rambhia
(Expert)
26 July 2024
Yes, it is taxable under head IFOS.
Gokul Sharma
(Expert)
26 July 2024
TAXABLE UNDER INCOME FROM OTHER SOURCES
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