compensation against fault by a company

Rijo John (audit manager) (447 Points)

23 August 2019

My client received compensation from a company against fault of that company. It is taxable or not

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Kapadia Pravin (17259 Points)
Replied 23 August 2019

please be more specific about type of fault etc

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Rijo John (audit manager) (447 Points)
Replied 23 August 2019

Compensation to patient who received faulty hip implants

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Kapadia Pravin (17259 Points)
Replied 23 August 2019

it's a capital receipt and not taxable

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Rijo John (audit manager) (447 Points)
Replied 24 August 2019

In which section?
Any other reference?

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