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Is rent paid for redevelopment projects taxed?

To facilitate redevelopment and to compensate flat owners for the hardship faced by them during such work, a developer might offer them compensation in the form of rent to ensure alternative accommodation for the duration of the project. ....

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Mumbai: Rent Paid By Builders In Redevelopment Cases Not Taxable, Says Income Tax Tribunal

The decision came in a case where the former flat owner had not opted for another rented accommodation, but moved in with his parents ....

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Rent Compensation Received from Builder is Not a Taxable Income: ITAT

The compensation received as rent from a builder due in a redevelopment project cannot be taxable income for the former flat owner, the Mumbai bench of the income-tax appellate tribunal (ITAT) has recently held. ....

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Mumbai: ITAT declares redevelopment rent as tax-free, bringing significant relief to citizens

The order was pronounced by the Mumbai Bench of ITAT on April 4 after Ajay Parasmal Kothari, a former flat owner and an affected party, moved the tribunal. ....

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