compensatin from employer

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..... compensatin from employer
Query (Issue) Started By: - varinder singh Dated:- 26-5-2015 Income Tax
Income Tax
I am a senior citizen 70 years old and have been fighting case in court with my e .....

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..... mployer for wrongful termination from last 12 years.Recently settlement took place and the court awarded me compensation ( not salary ) . Kindly let me know whether the compensation is taxable or not. .....

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..... If yes according to IT laws it is revenue or capital receipt. Your reply will be highly appreciated as am in great need.
Discussion Forum - Knowledge Sharing .....

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