Taxablity in hands of family members
This query is : Open
06 December 2017
Dear all, I have an query about taxability on compensation received by an individual family member. Case:- Mr.A was hired as a contract labour with ABC ltd(construction co.) for restructuring of roads. while working, Mr A came down under the dumper . family member of Mr.A got compensation for such cause from contractor. Now my question is whether this is taxable in the hands of family members of Mr.A thanking you all and I would be very happy if i can get any supreme court judgment for such case/s a
06 December 2017
Such one time compensation is a capital receipt not taxable.
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06 December 2017
Pl check with section 10 (10B) and CBDT circular 573 dated 21-8-1990.
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