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How can treated Damage Stock Marine Claim Received

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(Querist)
12 March 2021 Dear Sir,
I have received claim from insurance company of our stock damage during transportation, which type of income and how can teat this amount,
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 March 2021 Adjust the receipt against loss sustained, Any excess receipt may be considered as other income.

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