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raju (software developer)     25 July 2017

Tax exemptions for compensation paid to employee

While I was constructing  a house a labourer died unfourtunately . The family filed a employee compensation case and I settled the matter in Lok Adalath for a amount of 5Lakhs.

I paid this money from my own pocket..

Can i clam this money paid as Loss in my income tax? 

 

 



Learning

 1 Replies


(Guest)

Any cost paid on account of negligence of the property owner does not attract any tax exemption. This is your personal loss, not a permissible deduction from income of the year.

 


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