Compensation under motor vehicles act
This query is : Resolved
21 June 2008
Whether compensation under the motor vehicles act and the interest on the same is taxable in the hands of recipent and if yes then under which head of income and in which year if received after legal proceeding for about 5 -10 years?
21 June 2008
Interest is taxable in the hands of the receipient...under head income from other sources..
23 June 2008
and what about the compensation received is that also taxable ?
Dhirajlal Rambhia
(Expert)
16 June 2023
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