Compensation received from govt on immovable property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2013
Dear Sir ,
I have received compensation from the State Govt for Flood [water]. Where such amount received shall be chargeable and under the which head of income of 5 heads of Income
Kindly clarify at earliest.
Thanking you,
I have received compensation from the State Govt for Flood [water]. Where such amount received shall be chargeable and under the which head of income of 5 heads of Income
Kindly clarify at earliest.
Thanking you,
24 July 2013
If you show any loss from flood adjust the amount against the losses.
.
If you are not carrying on any business, the amount is a capital receipt which is not taxable.
.
.
If you are not carrying on any business, the amount is a capital receipt which is not taxable.
.
Message likes :
1 times
24 July 2013
AGREE WITH THE EXPERT....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- GST not cancelled by tenant
- Form 140 tds
- Capital gain on sale and purchase of plot
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- EXPORT COMMERCIAL INVOICE HSN CODE
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FORM 141 SDV query
- Resigning a auditor from the company for misconduct
- CAPITAL GAIN BASE ON NOTIFICATION
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Eway bill not cancelled within 24 hous what can be due
- TDS Deducted AY-2013-14 Not Reflected in 26as
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
