19 April 2016
I have received a compensation of Rs.3,14,402/- from National Insurance co. against a accident compensation. The said amount includes Rs. 1,59,819/-as interest (on which ITDS of Rs. 15,982/- has been deducted). The above compensation relates to permanent disablement. Whether the above amount is taxable ? And where to show the above in ITR 4 for AY 2015-16 ?
CAclubindia
