Personal injury claim received in india by individual

This query is : Resolved 

07 December 2012 Please advise whether personal injury Claim received from Singapore to any Senior Citizen in India is Taxable.

07 December 2012 Hey

can you eloberate further amount received from whom? insurance co. or any other person.

Thanks//Vaibhav

07 December 2012 Senior Citizen went to Singapore for personal visit and while roaming in Snow city park he fell down due to hole in carpet or carpet was torn/cut.Negotiations were done and claim from Solicitor of Snow city park received after 4 year now after deducting their fees. It is physical injury claim from that Snow City Park


09 December 2012 It needs to be further researched , but from the facts it seems that the nature of receipt is not in nature of income, since the money is not received from an insurance Company.

Anuj
femaquery@gmail.com



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries