Character of income - accrual of income - The cumulative effect ...

Interest on Compensation Taxed as 'Income from Other Sources' per Sections 145A(b) and 56(2)(viii) of Income Tax Act.

January 22, 2019

Case Laws Income Tax HC

Character of income - accrual of income - The cumulative effect of Section 145A(b) and Section 56(2) (viii) would be that any interest received on compensation or on enhanced compensation shall be taxable under the head 'income from other sources' in the year of receipt.

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Character of income - accrual of income - The cumulative effect ...

Interest on Compensation Taxed as 'Income from Other Sources' per Sections 145A(b) and 56(2)(viii) of Income Tax Act.

January 22, 2019

Case Laws Income Tax HC

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