banner_ad

Income Tax concession if any

This query is : Resolved 

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.

08 June 2024 You are welcome.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details