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INCOME TAX ON INTEREST FOR DELAY PAYMENT OF COMPENSATION

This query is : Resolved 
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(Querist)
08 July 2023 Dear All,

My land is compulsory acquired by state government and for that they have paid compensation. They have paid such compensation with interest for delay in payment. I want to know whether such interest is taxable or tax free?

Thanking You.
Nirmal Dave
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ND

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ND (Expert)
08 July 2023 Interest is taxable under Income Tax
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NIRMAL DAVE

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NIRMAL DAVE (Querist)
01 August 2023 Ok
Thank You for your valuable reply.
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