Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2013
An employee's wife got some amount from the employer as appreciation of good work after his death. So kindly advise the taxability of this sum. Whether it is taxable in the hands of Wife? Employee? and under what head?
16 May 2013
It is a gratuitous payment. Totally exempt in the hands of the wife of the deceased employee.
16 May 2013
Please see CBDT Circular 573 dated 21/08/1990.
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