Tax
This query is : Resolved
21 May 2011
Is compensation received from builder for re-development taxable & under which head????
21 May 2011
Dear Navin you have not provided entire details but as per my view Tax Not Applicable for recd. compensation from Builder for re-development pls. refer case ITO vs. Hemandas J. Pariyani (ITAT Mumbai)
ITA No. 2508/Mum/2010 Assessment Year: 1997-98.
ITA No. 2508/Mum/2010 Assessment Year: 1997-98.
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