Compensation & interest thereon awarded by motor vehicle act
This query is : Resolved
deepika maheshwari
(Querist)
24 November 2012
what is tax treatment in case of compensation and interest thereon awarded on motor accident case
CA.Amit Revankar
(Expert)
25 November 2012
I guess it is not chargeable to tax , if motor car is used for personal
CA VISHNU GAVKARE
(Expert)
26 November 2012
Agree with Amit.
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