Taxable or not
This query is : Resolved
Saurabh Garg
(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.
Whether the amount received from insurance company to lender on behalf of employee will be taxable in the hands of employee.
CA R SEETHARAMAN
(Expert)
22 December 2014
It is a capital receipt not taxable.
Message likes :
1 times
22 December 2014
yes agreed with above reply , as capital reciept in this case will not be taxed.
Message likes :
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Saurabh Garg
(Querist)
22 December 2014
Thanx alot sir, for ur kind veiws.
Pleasured.
Pleasured.
22 December 2014
you are welcome suarabh.................
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