compensation on death
Deekshant Garg (3 Points)
22 August 2017
please tell me whether compensation received from employer on death is taxable or not in the hands of legal heir?
Deekshant Garg (3 Points)
22 August 2017
Deepak Gupta
(CA Student)
(15922 Points)
Replied 22 August 2017
Lump-sum payment made gratuitously or by way of compensation or otherwise to widow or other legal heirs of an employee who dies while still in active service is fully exempt in the hands of widow or other legal heirs of employee.
- Circular No. 573, dated 21-08-1990
Deekshant Garg
(3 Points)
Replied 22 August 2017
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