18 February 2024
Hello Following are my queries 1) Interest received from builder for failure of give possession of flat is Taxable? 2) If the Interest received from builder for failure of give possession is taxable then in which income sources we have to require to report? 3) Any deduction is applicable for above interest receipt?
18 February 2024
I have also 2 more queries:- 1) Where we have to report this interest in income from other sources in ITR? 2) I read somewhere there is 50% deduction assessee can claimed in ITR is it right ?
CAclubindia
