EX GRATIA PAYMENT RECEIVED FROM BANKS

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..... EX GRATIA PAYMENT RECEIVED FROM BANKS
Query (Issue) Started By: - SSOE SSOE Dated:- 4-9-2021 Income Tax
Income Tax
Dear Sir/Madam As per the scheme announced by the GOI,Ministry of Finance .....

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..... vide F.No.2/12/2020-BOA.I dated 23/10/2020 we have received ex-gratia payment from banks against loans which is adjusted by bank towards our principal outstanding. Is this government benefit received .....

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..... through banks is taxable in our hands? If yes kindly provide reference of section,notification or circular.
Discussion Forum - Knowledge Sharing .....

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