interest received with compensation and also received on enhanced compensation... what should be the treatment..
as per my understanding it should be under other sources after 50% deduction
but
some experts say that according to supreme court ruling in Sept 2017. it is fully exempt
Menu
interest received on compensation or enhanced compensation
Replies (2)
The difference of interests assesseble u/s. 34 (interest on compensation, taxable) and that u/s. 28 (interest on enhanced compensation, capital receipt) is clearly analysed by Shri Naresh Jakhotia in a query as published in pressreader.
Interest received on enhanced compensation will be taxable @ 50 per cent under IOS
Recent Threads
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
Related Threads
CAclubindia
