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Section 278: Taxability of certain income

The Income-tax Act, 2025Central Act · Act 30 of 2025

Taxability of certain income.

(1) Any interest received by an assessee on any compensation or on enhanced compensation, shall be deemed to be the income of the tax year in which it is received, irrespective of anything to the contrary contained in section 276.

(2) Any claim for escalation of price in a contract or export incentives shall be deemed to be the income of the tax year in which reasonable certainty of its realisation is achieved.

(3) The income referred to in section 2(49)(w) shall be treated as the income of the tax year in which it is received, if not charged to income-tax in any earlier tax year.

Where this provision sits

ActThe Income-tax Act, 2025
Section278
Marginal noteTaxability of certain income
JurisdictionCentral
StatusIn force as published by the source

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