TDS Deducted by Developers on Corpus Fund / Hardship Compensation u/s 194IC.
I think Hardship Compensation is Capital receipt and hence not Taxable.
Where can I show in ITR Forms
Menu
TDS Deducted by Developers on Hardship Compensation u/s 194IC.
Replies (1)
-
If the receipt is capital in nature and not taxable, disclose the amount under the 'Exempt Income' section in the ITR, and mention details. Claim the TDS refund using the TDS amount reflected in Form 26AS.
-
If treated as taxable (under 'income from other sources'), include the amount under "Income from Other Sources" and TDS under the section in the schedule of the ITR.
Recent Threads
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
