Regarding Insurance claim received delayed with Interest taxable or not

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A recent query concerns whether interest received on a delayed insurance claim, amounting to approximately £15 Lakhs, is considered taxable income. The specific Assessment Year in question is 2019-20. Colleagues are being asked for their guidance on how to report this interest in the Income Tax Return (ITR).

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(Querist)
21 March 2025 Respected Colleagues,
A Female received delayed Insurance claim from National Insurance Co. with Interest around Rs 15 Lakhs, Now Interest amount taxable as income or not in ITR related to AY 2019-20?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
21 March 2025 Interest amount taxable...
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
30 September 2025 Good luck....
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