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Taxable or not

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Guest

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Guest (Querist)
31 December 2009 A person met an accident & hospitalised. the exp.is huge. so their family has applied to trusts and anyother person who can help them.
They received money from trusts & any other for Medical Treatment.
Whether the contribution received by family is taxable or not???? give reply with relevant section or case laws(if any)
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
31 December 2009 It is not taxable.
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Heera Nahariya

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Heera Nahariya (Expert)
31 December 2009 such assistance doesn't fall within the ambit of section 2(24) i.e. definition of Income. Hence question of exemption doesn't arise.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
31 December 2009 yes its not taxable.
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Guest

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Guest (Querist)
31 December 2009 thanks experts
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ANIL JANGID

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ANIL JANGID (Expert)
31 December 2009 agree with heera.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
01 January 2010 agree to all
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Vishnu Saboo

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Vishnu Saboo (Expert)
03 January 2010 Thanks
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