Arrear interest received
This query is : Resolved
LALIT KUMAR
(Querist)
06 September 2016
Dear sir,
If a wife got some Rupees as an 5 years Interest on compensation of her husband accidental death from insurance company after supreme court decision. On That case the said amount is taxable or not ?
Thanks
Lalit Kumar
If a wife got some Rupees as an 5 years Interest on compensation of her husband accidental death from insurance company after supreme court decision. On That case the said amount is taxable or not ?
Thanks
Lalit Kumar
Amol S Joglekar
(Expert)
07 September 2016
if the order contains the word "INTEREST", then it is taxable.
Compensation is NOT taxable.
Compensation is NOT taxable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Ito add credit side of bank
- Employee secondment
- GSTR9 Annual Return
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- Gift to nri relatives resides in usa
- Form 144 TDS Return Validation error
- LLP audit and disclosure
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
