Sec 45 (5) doubt

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Where an asset is transferred by way of compulsory acquisition then how shall the sales consideration be taxable? according to the compensation being received in installments or lump sum amount? Actually the section says when the compensation is first received, so what if a lump sum consideration has been declared but only part of it is received?
Replies (4)
AS PER SECTION 45(5) ....EVEN PART OF COMPENSATION IS RECEIVED...FULL AMT WILL B TAXABLE...IN THE YEAR OF RECEIPT
Thank You Sachin Are you sure about the treatment?
YUP.....I M SURE.....THANX

The Compensation is Taxable in the year in which it is First Received whether it is Partly or Full Amount.


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