Taxable or not

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31 December 2009 A person met an accident & hospitalised. the exp.is huge. so their family has applied to trusts and anyother person who can help them.
They received money from trusts & any other for Medical Treatment.
Whether the contribution received by family is taxable or not???? give reply with relevant section or case laws(if any)

31 December 2009 It is not taxable.

31 December 2009 such assistance doesn't fall within the ambit of section 2(24) i.e. definition of Income. Hence question of exemption doesn't arise.

31 December 2009 yes its not taxable.

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31 December 2009 thanks experts

31 December 2009 agree with heera.

01 January 2010 agree to all

03 January 2010 Thanks


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