Thursday, December 13, 2018

Compensation awarded under Motor Vehicles Act isn't income chargeable to tax: HC

IT: Compensation awarded under Motor Vehicles Act or Employees' Compensation Act in lieu of death of a person or bodily injury suffered in a vehicular accident, is a damage and not an income and cannot be treated as taxable income

from www.taxmann.com Latest Case Laws https://ift.tt/2QNuR5n
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