Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

receiving demand draft as compensation is it taxable

(Querist) 29 June 2015 This query is : Resolved 
Sir,
My friend is getting divorced and is receiving a compensation of 10 lakhs in form of demand draft.So she wants to know that when she deposit the amount in saving bank account, is that amount will be taxable, if yes then how much she need to pay and what is the procedure.

Also, she would like to know that is their any way through which her compensation should not be taxable.
rohit (Querist) 29 June 2015
Please sir give response quickly because she has to deposit the demand draft in bank.
Rajesh Kumar (Expert) 12 September 2015
The compensation is not taxable.


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


Click here to login now



Similar Resolved Queries :