I WANT TO KNOW THAT COMPENSATION RECEIVED FROM INSURANCE COMPANY IS EXEMPT UNDER WHICH SECTION ??? OR HOW TO FILL IN INCOME TAX RETURN????
Vineet Goyal
(Assistant Manager - Finance & Accounts)
(702 Points)
Replied 24 July 2012
Please provide the details for which compensation received from insurance co. Who received it? Why was it received? etc.
priya
(article)
(154 Points)
Replied 24 July 2012
COMPENSATION IS RECEIVED BY WIFE OF THE DECEASED PERSON.
Vineet Goyal
(Assistant Manager - Finance & Accounts)
(702 Points)
Replied 24 July 2012
U/s 10 (10D) subject to certain conditions.
CAclubindia
