one of my client is get award by central govt for compulsary acquasation of agriculture land for channel of water.
his award amount for 10,00,000 award date 28-03-2012
interest on above award from 28-03-2012 to 31-03-2013 is 86000
interest on above award from 01-04-2013 to 31-03-2018 is 750000
the whole amount credited his account on 28-04-2018 rs 18,61,000.
TDs made on interest amount at 10% 86100(750000+86000)
my question is entire amount declare in only Fy 2018-19 caz amount credited in this year.
if yes how much amount can we deduct as expenses to get above income( lawyer exp and travelling expenses to get this amount) (actual exp 325000 but no bills)
CAclubindia
