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Forfeiture of advance

This query is : Resolved 
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(Querist)
19 January 2015 amendment under section 51 . either we have to deduct it from cost or show U/H IFOS
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 January 2015 Will be taxable as income from other source under section-56(2)(ix).
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Rupesh Jain

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Rupesh Jain (Expert)
19 January 2015 its taxable under the income under other soruces.
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