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Compensation

This query is : Resolved 
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(Querist)
03 November 2014 Compensation received from government for damages caused by natural calamity on capital asset...is it taxable or exempt??
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 November 2014 normally such payments are not included in the income and are covered under section 10(10bc)

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