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The topic covered in this article is “whether compensation received is taxable?”. But before delving into this topic let us go through the relevant provisions of the Income-tax Act dealing with taxability of “interest received on compensation.”The topic covered in this article is “whether compensation received is taxable?”. But before delving into this topic let us go through the relevant provisions of the Income-tax Act dealing with taxability of “interest received on compensation.”taxmann.com Latest ArticlesRead More