Interest on compensation - Section 56(2)(viii) - Income Tax - Ready Reckoner - Income Tax

Section 56(2)(viii) INTEREST ON COMPENSATION Income by way of interest received on compensation or on enhanced compensation u/s section 145B(1) , shall be assessed under the head Income from other sources in the year in which it is received. Note: 50% of such interest is deductible u/s 57(iv) and no other deduction is permitted.