I have received 8 Lacs compensation over and above original amount as legal fees form Consumer Court. Is this Taxable??? which Head? what expenses are allowed against it?
I have received 8 Lacs compensation over and above original amount as legal fees form Consumer Court. Is this Taxable??? which Head? what expenses are allowed against it?
Yes.
Under IFOS
All legal expenses, court fees etc. are deductible.
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