I have received "HARDSHIP COMPENSATION' from biulder on redevelopment of our society. Will this amount be taxable Silimer to amount received as salary part namely city compensatory allowance received by an employee when he has to stay in a city for job and incur extra expenditure and hardships, which is taxable.
If this is not taxable then under which section or rule or is there similer case study for this for Non taxability of such amount received
Builder is paying us CORPUS amount on redevelopment of society; stating as "HARDSHIP COMPENSATION
Mam,
I the Flat owner received this Corpus / Hardship compensation from builder since developemt rights were given by our society to Builder
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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Chirag N Shah & Associates
Mumbai
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