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Compensation & interest thereon awarded by motor vehicle act

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(Querist)
24 November 2012 what is tax treatment in case of compensation and interest thereon awarded on motor accident case
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CA.Amit Revankar

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CA.Amit Revankar (Expert)
25 November 2012 I guess it is not chargeable to tax , if motor car is used for personal
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CA VISHNU GAVKARE

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CA VISHNU GAVKARE (Expert)
26 November 2012 Agree with Amit.
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