Compensation to legal heirs

Querist : Anonymous (Querist) 07 December 2011 This query is : Resolved
My client had received accident compensation from insurance co.as legal heir..
Q.Under which sec.exempt?

Follow Query

Report Abuse

Raj Kumar Makkad (Expert) 08 December 2011
Compensation received on account of an accident is not specifically listed as an 'exempted income'.

Hence, it may be taxed under the head 'Income from Other Sources'.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Cheque bounce case
Overhead water tank
Wrongfully name removed from pr card
Lost property agreement need non traceable certificate
How i won a million dollars
Marriage with relative
Can society ask for additional maintenance charges
Honestly... dr. excellent spells work, his genuine
most powerful love spells that work fast and effectively
real and powerful spell that works perfectly

Vacation judge
Legal notice used for harrasment
Settlement
What is the meaning of possession (legally) of apartment
Is advocate guilty?
Advocate�s duty to justice apply to the pre-litigation ?
Legal opinion on baseless legal notice and law
Dismissals due to defective legal notices
Legal notice content
Validity of legal notice.....