Compensation awarded under Motor Vehicle Act taxable in hands of legal heirs even if no TDS was deducted: HC

INCOME TAX : Where motor accident compensation amount was awarded to 5 legal heirs of deceased, same was to be bifurcated amongst all legal heirs and spread over to financial years from period when amount would accrueINCOME TAX : Where motor accident compensation amount was awarded to 5 legal heirs of deceased, same was to be bifurcated amongst all legal heirs and spread over to financial years from period when amount would accruewww.taxmann.com Latest Case LawsRead More

Leave a Reply