Lump sum pension received by a widow

This query is : Open

CA Yasaswy Sarma Veluri (Querist)
Follow

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?

TKKKKKK

TKKKKKK (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rajat Khandelwal

Choudhary

HITESH NIRANJAN SAHU

Tax Expert Group

N.Chandrasekaran

Subscribe Now

Lump sum pension received by a widow

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANCY

Article Assistant

Accountant

CA Final

GST CONSULTANT