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Income tax

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(Querist)
18 July 2011 Is compensation received by redevelopment of building , is income?

if yes plz tell how it is chargeale to tax

further if during the redevelopment period , rent is paid for other house , can it caimed as deduction if yes under which head and how ????
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CS Bijoy

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CS Bijoy (Expert)
19 July 2011 It is taxable under the head House property Income.
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NITIN SHARMA

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NITIN SHARMA (Expert)
20 July 2011 no mr. bijoy it not taxable under house property.
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NITIN SHARMA

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NITIN SHARMA (Expert)
20 July 2011 mr. hiten please give me full details such as compansation received against which propery such as plot, house, or other property.
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