Employer has reimbursed the expenditure incurred on the treatment of cancer of assessee wife under insurance claim.
Please suggest whether the amount received is taxable or not?
Please share reference of relevant section or rule also 🙏
Menu
Taxability of Reimbursement of claim for cancer treatment
Replies (2)
Quick Summary
If its insurance claim, it will be tax-free. Employer would have claimed it from insurance company.
Not taxable as it is not an income, only reimbursement of expenses incurred by you.
Recent Topics :
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
Related Topics :
CAclubindia
