i am worried about chargability of interst that i receive.
i received interst from Sardar sarovar Narmada Nigam Ltd for enhance compention for consideration of land and this interest is for 139 months ,whether this interest is charge to income tax in this year..
Yes as per section 145A(2)(b)
(b) interest received by an assessee on compensation or on enhanced compensation, as the case may be, shall be deemed to be the income of the year in which it is received.
So interest taxable in this year itself.
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