I have received 8 Lacs compensation over and above original amount as legal fees form Consumer Court. Is this Taxable??? which Head? what expenses are allowed against it?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182806 Points)
Replied 22 May 2024
Yes.
Under IFOS
All legal expenses, court fees etc. are deductible.
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