Compensation recived
This query is : Resolved
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
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
20 January 2015
int is taxable as income from other sources.
20 January 2015
means fd and rd deposits principals
and what about compensation recived
and what about compensation recived
20 January 2015
fd is not taxable but the int on same is taxable.
Message likes :
1 times
20 January 2015
it shall be shown as income from other sources in itr2
Rupesh Jain
(Expert)
20 January 2015
compensation amount not taxable but income from compensation will taxable under income from other sources
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
