Home > Income Tax Act 2025 > Section-278Last Updated: Feb 15th 2025
Section-278 : Taxability of certain income
Learn to understand the section-278 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
1. Section-278 as per act
- The 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.
- 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.
- 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
2. Help and useful links for Section-278
- Income Tax Help Center
- Income Tax Act 2025 Home
- Self Service (DIY) Income Tax Filing made Easy
- Guide on Other Income from IT perspective