compensatin from employer

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

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....ployer 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.<br> Discussion Forum - Knowledge Sharing ....