Leave Encashment
This query is : Resolved
20 January 2010
Sir , I want to know whether Leave encashment received by legal heirs of deceased employee is chargeable to tax in the hands of recipient and if it is taxable under which head??
20 January 2010
Salary paid to the legal heirs of a deceased employee in respect of privilege leave standing to the credit of such employee at the time of his/her death is not taxable as salary Circular Letter No F. 35/1/65-IT(B) dated 5 Novemeber, 1965.
I couldn't find any other head claming this income So by my point of view it is not taxable in hands of legal heirs
I couldn't find any other head claming this income So by my point of view it is not taxable in hands of legal heirs
20 January 2010
Leave salary to the legal heirs of deceased employee exempted from tax
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
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- Query regarding reporting of exempt foreign remuneration in ITR
- DUE DATE FOR ITR FILING
- U/S 194 T
- 44AD, 44ADA business details
- Old Traces Portal
- Computation of Dividend
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
