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concession for project affected, on interest on compensation for land acquired for project.
concession on I Tax on interest on enhanced compensation for land acquired for project ?
Replies (1)
section 57(iv)
income by way of interest received on compensation or on enhanced compensation shall be assessed under the head " income from other sources " in the year in which it is received.
u/s57(iv) , 50% of such interest is deductible. however, no other deduction is permitted.
income by way of interest received on compensation or on enhanced compensation shall be assessed under the head " income from other sources " in the year in which it is received.
u/s57(iv) , 50% of such interest is deductible. however, no other deduction is permitted.
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