Crop insurance claim received taxable under which section


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Querist : Anonymous

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Querist : Anonymous (Querist)
15 July 2014 crop insurance claim received in current year taxable under income from other sources or under the head agriculture income.

whether it is taxable income as per income tax pls provide under which section crop insurance claim received is taxable or exempt

15 July 2014 it is taxable as income from other source........

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 July 2014 sir pls provde the income tax section under which it is taxable
and thanks for reply

15 July 2014 u/s 56 it is taxable............................


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