i invest rupees 325000 in real estate company in march 2011 and builder no construction work on the falts. i go to consumer forum. consumer forum passed the order against the builder 9% inttrest p.a. and 50000 compensation and 10000 litigation expenses pay to the consmer of Rs. 540000/-. according to incometax law my inttrest income exempted from tax. Please reply.
regards
SP Singh
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Consumer Forum court order with inttrest 9% P.A. to the consumer.
Replies (3)
As per my view.,
No...
The Interest Income will be Taxable as per income Tax view...
*Wait on further replies from Our CCI Experts.
No...
The Interest Income will be Taxable as per income Tax view...
*Wait on further replies from Our CCI Experts.
how much tax percentage pay on intrest income only one time or yearly paid.
Based on individual capacity...
No more special rate...
No more special rate...
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