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)
Quick Summary
If you've received compensation from a builder due to a delay in property possession, and this compensation was paid as rent with TDS deducted, you need to declare it in your tax return. Even if you haven't taken full possession or are not yet the registered owner, this income should be reported. The compensation, though paid as rent, may need to be treated differently depending on its nature, potentially as interest income.

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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details