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Insurance receipt

This query is : Resolved 
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(Querist)
03 January 2015 Whether insurance claim is taxable?
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Madav

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Madav (Expert)
03 January 2015 It is decided on case to case basis.. type your entire case... if it is related to your capital asset then claim can be considered as consideration
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
04 January 2015 Cant predict without knowing about case
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
05 January 2015 It vary from situation to situation, have no single and straight forward rule
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