Regarding insurance claim
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2013
Sir,
my friend received a death claimed settlement of amount Rs.1,38,000/- as a nominee. what is the tax treatment of this income and which ITR form he will fill if he has no other income.
my friend received a death claimed settlement of amount Rs.1,38,000/- as a nominee. what is the tax treatment of this income and which ITR form he will fill if he has no other income.
17 July 2013
Death claim settlement is not taxable income. so incase no other income, no need to file ITR
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