banner_ad

Compensation recived

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 January 2015 sir
my employers wife died in railway accident
and he received 10lakh compensation from state govt
i want to know where to show this exempted income in itr- 2
my employer also become leagl heir of f.d. and rd deposits
is principal amt of fd and rd is taxable as income from other source
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
20 January 2015 int is taxable as income from other sources.
Profile Image

sunil

Profile Image

sunil (Querist)
20 January 2015 means fd and rd deposits principals
Profile Image

sunil

Profile Image

sunil (Querist)
20 January 2015 means fd and rd deposits principals


and what about compensation recived
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
20 January 2015 fd is not taxable but the int on same is taxable.
Profile Image

sunil

Profile Image

sunil (Querist)
20 January 2015 thanks sir

sir where to show compensation recived in itr 2
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
20 January 2015 it shall be shown as income from other sources in itr2
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
20 January 2015 compensation amount not taxable but income from compensation will taxable under income from other sources
Profile Image

sunil

Profile Image

sunil (Querist)
20 January 2015 ok so i can show compensation recived in itr 2 as exempted income
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details