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Death tax benifit

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 January 2012 if someone's child is died in the school during the swimming in 2008. In 2012 the claim of Rs.500000 is received from the school. Is it taxable or not in the hands of father
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Ravikant

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Ravikant (Expert)
29 January 2012 Payment recd as Compensation for loss of life is not taxable
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Querist : Anonymous

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Querist : Anonymous (Querist)
04 February 2012 can u tell me the provision of Income Tax about this?
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