Taxability of lumpsum received from charitable institution

O. P. Bhadada (Partner) (34 Points)

29 March 2017  

Dear All

Whether any lumpsum amount received by the spouse (say wife) on the death of the spouse (say husband), from a charitable institution, where husband has been a member of the charitable institution, is taxable in the hands of the living spouse?

If not, under which section, it could be claimed as an Exemption or Deduction?

Thanks in advance.