https://www.taxtmi.com/forum/issue?id=119586 Delay interest received by an allottee for delayed possession under regulator orders is taxable as Income from Other Sources, being revenue in nature rather than a capital receipt. Taxation is on receipt; taxpayers can claim allowable deductions against this income and may, where the award covers multiple past years, seek to spread the taxable amount across those years. Capital gain exemptions and other specified exemptions do not apply; report the amount as income from other sources in the return and claim case specific deductions. en-us Tue, 11 Feb 2025 11:42:17 +0530 Wed, 16 Apr 2025 19:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119586 Delay interest received by an allottee for delayed possession under regulator orders is taxable as Income from Other Sources, being revenue in nature rather than a capital receipt. Taxation is on receipt; taxpayers can claim allowable deductions against this income and may, where the award covers multiple past years, seek to spread the taxable amount across those years. Capital gain exemptions and other specified exemptions do not apply; report the amount as income from other sources in the return and claim case specific deductions. Discussion-Forum Indian Laws Tue, 11 Feb 2025 11:42:17 +0530 https://www.taxtmi.com/forum/issue?id=119586