Is compensation for death taxable, Gujarat high court asks I-T dept, Top Health News | Latest Health & Healthcare Industry Information and Updates: ET HealthWorld : ETHealthworld.com

The Gujarat high court on Monday questioned the income tax department whether the amount received as compensation for death can be considered an income taxable under the law. Compensation was received for a death during hijacking of Pan Am flight 73 that was hijacked in 1986., The Gujarat high court on Monday questioned the income tax department whether the amount received as compensation for death can be considered an income taxable under the law. Compensation was received for a death during hijacking of Pan Am flight 73 that was hijacked in 1986., , Read More

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