https://www.taxtmi.com/news?id=19545 The proposal amends section 28 to tax any compensation received or receivable, whether revenue or capital, for termination or modification of contracts relating to business as business income, and provides that compensation for termination or modification of employment contracts shall be taxable under section 56. en-us Mon, 05 Feb 2018 10:59:07 +0530 Mon, 05 Feb 2018 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19545 The proposal amends section 28 to tax any compensation received or receivable, whether revenue or capital, for termination or modification of contracts relating to business as business income, and provides that compensation for termination or modification of employment contracts shall be taxable under section 56. News - Mon, 05 Feb 2018 10:59:07 +0530 https://www.taxtmi.com/news?id=19545