Taxable or not
This query is : Resolved
Guest
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)
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)
31 December 2009
It is not taxable.
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.
31 December 2009
yes its not taxable.
Guest
Guest
(Querist)
31 December 2009
thanks experts
31 December 2009
agree with heera.
01 January 2010
agree to all
03 January 2010
Thanks
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