Compensation received by legal heir on death of employee
This query is : Resolved
21 November 2017
After death of my husband i have offered employment, instead of employment i decided to take monitory compensation of amount 700000/-. is it taxable, do i need to pay TDS ?
21 November 2017
Not taxable no need of TDS.
22 November 2017
Dear CA R SEETHARAMAN Sir,
Please provide me under which section it is exempted
Please provide me under which section it is exempted
22 November 2017
Monthly payment is taxable lumpsum compensation is capital receipt not taxable.
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