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Compensation recd.

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27 March 2009 An assessee was using a property on rent from a builder for Rs. 100 p.m. The builder has now paid Rs. 750000/- to assessee as compensation to vacate the property..
Will it be taxable and under which head...

27 March 2009 What compensation. Give details of full transaction.

27 March 2009 An assessee was using a property on rent from a builder for Rs. 100 p.m. The builder has now paid Rs. 750000/- to assessee as compensation to vacate the property..
Will it be taxable and under which head...


28 March 2009 Income from Other Sources.



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