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
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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
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