26 March 2025
in a case of redevelopment of co.op housing society the bldr has give the member of the society 1.garage hardship compensation tothe members who have surrendered garage a sum of rs.2400000/- samp duty value rs.3109906/- 2 flat in lieu of flat surrendered with xtra room. 3.displacement hardship compensation. 4. member corpus fund to each member 5. brokerage 6. shifting charges 7. rent till the new flat is handed to the member how will the liability for income tax be calculated? if no rent, brokerage , shifting expense is not incurred will the calculation of liability for tax change?