30 June 2012
Dear Experts, You all are requested to give your kind opinions and suggestions on the following case:
One of our client who is resident female assesses has received pension on behalf of his husband. Her husband died in Air crash while performing his duty.
I am of the view it will exempt under section 10 (19) in some cases.
kindly let me know correct tax treatment of family pension along with the section or any circular.