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?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(162126 Points)
Replied 22 May 2024
Yes.
Under IFOS
All legal expenses, court fees etc. are deductible.
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