Interest on enhancement compensation

parteek bathla (Querist) 20 November 2014 This query is : Resolved
Interest received on enhance compensation under section 28 of land acquisition act. Whether this Interest amount is taxable under income tax act or not?

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Devajyoti Barman (Expert) 20 November 2014
academic query......

ajay sethi (Expert) 20 November 2014
raise query in ca club india.com

Rajendra K Goyal (Expert) 20 November 2014
Academic query.

Anirudh (Expert) 20 November 2014
It is definitely taxable.

Dr J C Vashista (Expert) 21 November 2014
Yes, it is taxable.

T. Kalaiselvan, Advocate Online

(Expert) 24 November 2014
Though experts agree that it is taxable, if you want to be doubly confirmed consult your auditor who will be able to give a proper opinion based on the facts told to him about this subject.

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