R.Ramachandran (Advocate) 01 June 2018
Pl. note exgratia payment is taxable.
Even after receiving the said exgratia payment, if you do not have any tax liability, then you can obviously seek refund. Otherwise NOT.
i m not able to understand https://www.lawyersclubindia.com/editor_upload/429718_20180601143205_15451904kpmg_flassh_news_arunbhai_r_naik_1.pdf
pls see this and advise
R.Ramachandran (Advocate) 01 June 2018
The Income Tax law has undergone change w.e.f. 1.4.2002.