Income due to building redevelopment and tax

Ram K (NA) (216 Points)

21 January 2023  

Respected Sir/Madam,

Due to redevelopment of the society building I have received some corpus fund, rent compensation for alternate house (as original building is no longer there) and funds towards expenses like transportation (material movement & agent brokerage) from the builder.

I suppose corpus is tax free and rent is taxable but what about funds received towards minor expenses like transportation. Request you to confirm.

Thanks