hi sir ,
my client met an accident and he is received some 90000/- from insurance company
is it taxable income sir ? please tell me sir
thanks in advance
No. ... Its exempted under IT act.....
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 18 March 2018
Yes...
It's exempted under Income Tax..
It's exempted under Income Tax..
Madhu M
(GST PRACTITIONER)
(236 Points)
Replied 19 March 2018
thanks sir
may I know the section sir please
where I can show 80 c or other ?
may I know the section sir please
where I can show 80 c or other ?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 19 March 2018
I think no need show it anywhere of the 80C column and Chapter '
VI-A... You can show it separately under exempted Income column..
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