Interest received on enhanced compensation received

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 August 2014 Hello Everyone, please help me out..
Assessee-Individual
interest received on enhanced compensation under compulsory acquisition of agricultural land & TDS deducted at 10% on Interest received.
which ITR form to be filled and what details exactly shown in the ITR and please let me know about any exemption on Interest income.
How can I claim refund of Deducted amount.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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06 August 2014 please File ITR 1/2/4 as might be applicable

show it as income from other sources. claim 50% of the interest received as expense in "OS" sheet under section 57 expenses.

Rupesh Jain

Rupesh Jain (Expert)
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06 August 2014 intt will taxable under income from other sources and deduction u/s 57 it is 50% of intt recd. you can file return and get the refund of TDS.

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