Income tax

This query is : Resolved 

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 ????

19 July 2011 It is taxable under the head House property Income.

20 July 2011 no mr. bijoy it not taxable under house property.

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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