Capital gains OR HARDSHIP COmpensation

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Ecstasyvio (Querist)
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08 June 2024 Builder wants to pay delay in payment, interest in form of hardship compensation. so what is the tax treatment on this?

Dhirajlal Rambhia (Expert)
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08 June 2024 Interest on late payment is taxable u/h. IFOS.

Ecstasyvio (Querist)
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09 June 2024 what about hardship compensation? is it taxable?

Dhirajlal Rambhia (Expert)
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09 June 2024 Depends upon the exact hardship loss.... Just term used like hardship do not make it exempt.

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