Interest on Enhanced Compensation Taxable u/s 56 of Income Tax Act, Even if Classified as Agricultural Income.

Interest on Enhanced Compensation Taxable u/s 56 of Income Tax Act, Even if Classified as Agricultural Income. https://www.taxtmi.com/highlights?id=1691 Interest component on enhanced compensation is liable to be taxed under Section 56 of the Act even when compensation is treated as agricultural income and is not covered by Section 45(c) of the Act..... – HC en-us Fri, 05 Aug 2011 00:00:00 +0530 Fri, 05 Aug 2011 00:00:00 +0530 TaxTMI RSS Generator Interest on Enhanced Compensation Taxable u/s 56 of Income Tax Act, Even if Classified as Agricultural Income. https://www.taxtmi.com/highlights?id=1691 Interest component on enhanced compensation is liable to be taxed under Section 56 of the Act even when compensation is treated as agricultural income and is not covered by Section 45(c) of the Act..... – HC Highlights Income Tax Fri, 05 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/highlights?id=1691