Faimily pension
This query is : Resolved
18 July 2013
Have a nice day
In Retire from Educaiotion Service received Pension and his Wife go Death Received faimily pension is Exempt Inocme. of club income is taxable pls suggest me.
In Retire from Educaiotion Service received Pension and his Wife go Death Received faimily pension is Exempt Inocme. of club income is taxable pls suggest me.
18 July 2013
i) Husband's pension and family pension of the deceased wife is taxable.
ii) Husband's pension has to be offered under the head 'income from salary'
iii) Family pension has to be offered under the head 'income from other sources'.
iv) Against family pension a deduction of 1/3rd or Rs.15,000/- ,whichever is less, can be claimed as deduction.
v) Both the above incomes has to be shown in husband's return form.
ii) Husband's pension has to be offered under the head 'income from salary'
iii) Family pension has to be offered under the head 'income from other sources'.
iv) Against family pension a deduction of 1/3rd or Rs.15,000/- ,whichever is less, can be claimed as deduction.
v) Both the above incomes has to be shown in husband's return form.
Message likes :
1 times
19 July 2013
Thank for Suggestion, and I want to known for Deduction in Ast Yr 2011-12 if yes what again sec for this Deduction.
19 July 2013
Please see section 57(iia) of the Income tax Act,1961.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Rental income of jointly held property
- TAX AUDIT QUESTION
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
