Lump sum pension received by a widow
This query is : Open
01 September 2014
My Client's husband has been a MLA and has expired after service nearly 10 years ago, my client has been receiving the family pension since then.
family pension being taxable under IOS.
can we claim exemption u/s. 10(10A) for a commuted pension received this year.
or as there is no employee and employer relationship + the husband has expired after service, will it become fully taxable under Income From Other Sources?
family pension being taxable under IOS.
can we claim exemption u/s. 10(10A) for a commuted pension received this year.
or as there is no employee and employer relationship + the husband has expired after service, will it become fully taxable under Income From Other Sources?
01 September 2014
No, it is not exempt.
Clause says any payment received by way of connotation of pension by an individual out of annuity plan of LIC from a fund set up by corporation.
There is no indication of legal heir.
Still wait for other expert's opinion.
Clause says any payment received by way of connotation of pension by an individual out of annuity plan of LIC from a fund set up by corporation.
There is no indication of legal heir.
Still wait for other expert's opinion.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- CREDIT NOTES WITHOUT GST
- Eway bill generation from place other than registeted
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- 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
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
