Arrear interest received
This query is : Resolved
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
07 September 2016
if the order contains the word "INTEREST", then it is taxable.
Compensation is NOT taxable.
Compensation is NOT taxable.
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