taxablity under income tax ?
sources under which it is taxable?
expenses allowable ?
Not taxable, if claim received from insurance company.
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 21 May 2024
If compensation was awarded under Motor Vehicles Act, then also it is not taxable.
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