Section 57(IV) read along with Section 56(2)(viii) tells us that interest on compensation or enhanced compensation is taxable u/h other sources and same is provided as 50% deduction.
is this interest on compensation or enhanced compensation of acquisition of urban land Or rural land or urban agricultural land or rural agricultural land ???
Rural agricultural land is not a capital assets hence not taxable
Transfer of Urban agricultural land is exempted as per section 10(37)
Transfer of remaining land is taxable
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