Income Tax concession if any
This query is : Resolved
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07 June 2024
Respected Experts, I had filed a case before the Central Administrative Tribunal for the payment of loss of interest and cost towards the belated sanction of my pension. The Tribunal has allowed and I had been paid with Rs.3 lakhs towards the loss of interest and cost Rs.10000/- Whether I had to pay the income tax for this amount as it is an award granted by the Tribunal after a case being filed before it? Kindly oblige. Advance thanks to the Experts in anticipation.
07 June 2024
The interest income is taxable u/h. IFOS.
08 June 2024
Much obliged by the reply of Learned Expert Shri Dhirajlal Rambhia. Thank you very much sir.
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08 June 2024
You are welcome.
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