Death tax benifit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 January 2012
if someone's child is died in the school during the swimming in 2008. In 2012 the claim of Rs.500000 is received from the school. Is it taxable or not in the hands of father
29 January 2012
Payment recd as Compensation for loss of life is not taxable
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2012
can u tell me the provision of Income Tax about this?
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