Interest on compulsary acqustion
This query is : Resolved
13 December 2014
Respested Sir,
Please tell me Interest received on compualsary acqustion is taxable & not.
sec. 57(iv) 50% interest exempt
Please tell me Interest received on compualsary acqustion is taxable & not.
sec. 57(iv) 50% interest exempt
14 December 2014
Definitely partially taxable.
i.e., 50 %
With effect from the Assessment Year 2010-11, in case of interest on Compensation or Enhanced Compensation, 50% of such interest
exemption u/s 57(iv) .
i.e., 50 %
With effect from the Assessment Year 2010-11, in case of interest on Compensation or Enhanced Compensation, 50% of such interest
exemption u/s 57(iv) .
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