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Taxable or not

This query is : Resolved 
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(Querist)
22 December 2014 One of the employee was having an house loan, and that lender has offered an insurance on account of loos of job.

Whether the amount received from insurance company to lender on behalf of employee will be taxable in the hands of employee.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 December 2014 It is a capital receipt not taxable.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
22 December 2014 yes agreed with above reply , as capital reciept in this case will not be taxed.
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Saurabh Garg

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Saurabh Garg (Querist)
22 December 2014 Thanx alot sir, for ur kind veiws.
Pleasured.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
22 December 2014 you are welcome suarabh.................
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