Received money to vacate your flat for redevelopment? ITAT clarifies when the compensation may be tax-free

1 week ago 9

Mumbai ITAT has ruled that ₹82 lakh received by a flat owner as hardship compensation under a redevelopment agreement was not taxable as income. The ruling offers guidance to homeowners receiving compensation from builders during housing society redevelopment.

Read Entire Article

LEFT SIDEBAR AD

Received money to vacate your flat for redevelopment? ITAT clarifies when the compensation may be tax-free

Related

EPFO news: Opportunity to settle EPF damage cases at reduced...

Income Tax Form 141 covers property sales, rent, contractor ...

Husband earning ₹85,000 a month to pay ₹36.25 lakh after div...

RIGHT SIDEBAR TOP AD

Trending

Popular

CBSE Class 10, 12 Supplementary Results 2024: Marks verifica...

NEET PG admit card 2024: NBEMS to release hall tickets today...

TSPSC Group 1 Mains exam schedule announced, exam timings re...

Amazon Great Freedom Festival Sale 2024 coming soon: Get rea...

iPhone 15, iPhone 15 Plus get massive discounts ahead of iPh...

RIGHT SIDEBAR BOTTOM AD