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Delayed in possession of property
I have purchased a property and made a part payment,but there was a delay in possession so the builder paid the compensation to me but he paid the compensation in form of rent and deducted TDS u/s 194Ib.How should I so the compensation in my return.Sincce compensation should receive in form of interest.
Replies (3)
You can show your rental income in your return.
But i don't have possession of property not I am registered owner
Yes, you are right but though you paid partly payment , you can show under constructed property rented I think so.
CAclubindia
