Arrears of Pension Income
This query is : Resolved
12 February 2011
One Person Mr. X, getting Arrears of Pension Income and PF of Rs. 600000. Bank committed to person to deposit this money with bank and get This money in Future Years as Pension. Wht will be the Tax Treatment?
12 February 2011
In case Banks pay monthly interest, by naming it pension or otherwise, to the depositor, the income will be assessed as Interest Income, or in any other name under the head Income from Other Sources.
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