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Insurance claim

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2013 whether the insurance claim received on jewellery is taxable ??
under which head??
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CA Kapil Verma

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CA Kapil Verma (Expert)
24 June 2013 if the jewellery was for business then it will be Business & profession receipt.

otherwise other source income.

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