Taxable

This query is : Resolved 

16 April 2014 interest on compulsory aquistion

16 April 2014 is taxable as income from other sources under section 56(2)(viii)

you get 50% deduction as expense under section 57(iv)

16 April 2014 Taxable u/s 56(2)(viii).
Deduction - 50% of Exp. u/s 57(iv)


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