banner_ad

Income tax on amount of compensation received from a builder

This query is : Resolved 

17 January 2020 Respected Sir,
How to depict in ITR, The amount of compensation Rs 13 lakh received from a builder for not giving possession of a plot for which 50% amount was paid 7 years back. The compensation was allowed by the State consumer disputes redressal commission Whether it is income or capital receipt.
Regards
R K ARORA

26 May 2020 Compensation received by flat owner from builder for hardship caused due to redevelopment of the building is a non-taxable receipt


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details