Taxability of Rent on Redevelopment of Building

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157 Points Posted on 13 July 2021
Rent compensation received from developer on Redevelopment of Building. Is it taxable? If yes under which head of income?
Whether corpus Fund received is also taxable?
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On 13 July 2021 at 17:43 Report
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This discussion clarifies the taxability of rent and corpus funds received from developers during building redevelopment. Both rent compensation and corpus funds are generally considered taxable under capital gains. However, compensation received from an employer might fall under the PGBP head, and rent allowance from an employer is taxed under the salary head.

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Chartered Accountant
24588 Points Posted on 13 July 2021
Yes it is taxable under capital gains.
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On 13 July 2021 at 18:59
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157 Points Posted on 13 July 2021
Corpus and Rent both Taxable?
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On 13 July 2021 at 20:05
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STUDENT
1631 Points Posted on 14 July 2021
Compensation From Employer -Under PGBP.(28)
Rent Allowancece From Employer -Salary Head. (15)
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On 14 July 2021 at 01:31

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