Re: Income Taxable or not.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2010
Dear All,
Due to redevelopment of society, builder has paid Rs. 902603/- towards compensation Allowance.
Whether dis is taxable. if yes under which head.
please guide.
waitin for your precious suggestions
thnking u in advance.
Due to redevelopment of society, builder has paid Rs. 902603/- towards compensation Allowance.
Whether dis is taxable. if yes under which head.
please guide.
waitin for your precious suggestions
thnking u in advance.
22 August 2010
Yes.it is taxable under Normal business income
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