Amit Vashist (39 Points)
18 July 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195205 Points)
Replied 18 July 2023
CBDT vide Circular No. 36/2016 dt. 25/10/2016 clarified that the compensation received in respect of award or agreement which has been exempt from levy of Income Tax vide section 96 of the RFCTLARR Act shall also not be taxable under the provisions of Income Tax Act, 1961 even if there is no specific provisions of exemption for such compensation in the Income Tax Act, 1961.
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