ITR FLIING ON DEATH HUSBUND
This query is : Resolved
Quick Summary
Dipak Gulhane
(Querist)
24 July 2024
HUSBUND WHO WAS WORKING IN PVT COMPANY DIED IN JUNE 23 TILL THAT HE RECEIVED SALARY IN HIS AC. AFTER HIS DEATH HIS WIFE RECEIVED GRATUITY/LEAVE ENCASHMENT, EX-GRATIA ON DEATH IN HER BANK AC. COMPANY WAS TAKEN TERM INSURANCE PLAN FOR WHICH 1 CRORE RUPPEES WAS DEATH CLAIM RECEIVED BUT THAT WAS NOT RECEIVED IN BANK AC OF WIFE BUT INSTEAD COMPANY HAS MADE INVESTMENTS IN HER NAME DIRECTLY IN EQUITY SHARES AND MF. GRATUITY, LEAVE ENCASHMENT AND EX-GRATIA WHICH IS RECEIVED IN WIFE BANK IS NEED TO BE SHOWN IN HUSBUND ITR AS INCOME OR IN WIFE ITR? IS TERM INSURANCE CLAIM IS EXEMPT U/S 10 (10) D.
Dhirajlal Rambhia
(Expert)
25 July 2024
1. Wife's Acc.
2. Yes
2. Yes
Dipak Gulhane
(Querist)
25 July 2024
WIFE OWN PERSONAL ITR OR
ITR FILLING BY HER AS REPRESENTATIVE ASSESEE
ITR FILLING BY HER AS REPRESENTATIVE ASSESEE
Dhirajlal Rambhia
(Expert)
25 July 2024
Her own
Dipak Gulhane
(Querist)
26 July 2024
EX-GRATIA RECEIVED BY WIFE ON DEATH OF HUSBUND. UNDER WHICH SECTION IT SHALL BE EXEMPT?
Dhirajlal Rambhia
(Expert)
26 July 2024
Depends upon the nature of ex-gratia. Check the document first.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Ito add credit side of bank
- GSTR9 Annual Return
- Employee secondment
- GST ITC as per notification 12/2023- central tax
- Gift to nri relatives resides in usa
- Rent agreement of House of deceased person
- Applicability of tax on invoice
- Form 144 TDS Return Validation error
- Form 144 TDS Return Validation Error – Mandatory Fields
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
