Direct Taxes – S.5. Income – Accrual – Interest on enhanced compensation of land
Description: Interest on enhanced compensation of land is liable to be taxed once it was received . Dy CIT vs. Gopal Ramnarayan Kasat (2011) 240 CTR 266/54 DTR 228 (Bom.) High Court ). Source: 1. www.aiftponline.org 2. AIFTP TIMES Volume.No.2 July, 2011,Page No. 5. Our comment: Accrued interest on enhanced compensation on acquisition of […]
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