Taxablity on Win from settlement of dispute case on accident

taxablity under income tax ?
sources under which it is taxable?
expenses allowable ?
Replies (3)
Quick Summary
This discussion explores the taxability of winnings from accident settlement cases under income tax law. It clarifies which sources of income are taxable and what expenses can be claimed. Importantly, it highlights that compensation received from insurance companies or awarded under the Motor Vehicles Act is generally not considered taxable income.

Not taxable, if claim received from insurance company.

Claim received from 2nd party

If compensation was awarded under Motor Vehicles Act,  then also it is not taxable.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details