Mediclaim
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 April 2013
I have received medi claim from insurance co. so I just wanted to know whether it is credited P & L a/c. or should be credited to my capital A/c. Whether it is Taxable or Not?
CA Vikas Acharya
(Expert)
19 April 2013
As it a capital receipt not taxable in income tax.
capital account.
capital account.
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