Compensation and interest on enhanced compensation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 April 2016
My client's urban residential land was acquired by govt in the F.Y 2006-07 and return filed on the same.Now in the F.Y-2015-16 the authority released enhanced compensation ,interest,solatium,and other compensations.Where can I show the enhanced compensation under capital gain or other sources?
28 April 2016
Please show enhanced compensation in 'capital gains' and interest in 'other sources'.
Message likes :
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29 April 2016
you can also claim 50% deduction on intt. recd on compensation.
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