Easy Office
LCI Learning

COMENSATION. RECEIVED FROM BUILDER IS TAXABLE OR NOT

This query is : Resolved 

26 July 2024 Sir I HAD BEEN GIVEN A COMPENSATION FROM BUILDER AS DELAYED INTEREST ON POSSESSION OF FLAT BOOKED IN 2013 and agreed date of possession is 31 dec 2016 . I am not exiting thevproject and soon possession of flat will be given by builder in next month. Whether there is any laiblity of Income Tax or Not

26 July 2024 Yes, it is taxable under head IFOS.

26 July 2024 TAXABLE UNDER INCOME FROM OTHER SOURCES




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query