Compensation recd.
This query is : Resolved
Mohan Reddy
(Querist)
27 March 2009
An assessee was using a property on rent from a builder for Rs. 100 p.m. The builder has now paid Rs. 750000/- to assessee as compensation to vacate the property..
Will it be taxable and under which head...
Will it be taxable and under which head...
CA. B.SRINIVASULU
(Expert)
27 March 2009
What compensation. Give details of full transaction.
Mohan Reddy
(Querist)
27 March 2009
An assessee was using a property on rent from a builder for Rs. 100 p.m. The builder has now paid Rs. 750000/- to assessee as compensation to vacate the property..
Will it be taxable and under which head...
Will it be taxable and under which head...
28 March 2009
Income from Other Sources.
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