Pension income
This query is : Resolved
Manoj Prasad
(Querist)
15 July 2013
A FEMALE AGED 60+ (SENIOR CITIZEN)
RECEIVED PENSION FROM RAILWAY ON BEHALF OF HUSBAND (EXPIRED) OF RS.208492/-P.A
PENSION FROM LIC RS.10824/-PA.
ARE THE ABOVE TAXABLE?. YES/NO PLEASE REPLY WITH SECTIONS TO BE APPLICABLE.
WHICH ITR WILL BE APPLICABLE, AS IT HAS LONG-SHORT TERM CAPITAL GAIN..REGARDS
RECEIVED PENSION FROM RAILWAY ON BEHALF OF HUSBAND (EXPIRED) OF RS.208492/-P.A
PENSION FROM LIC RS.10824/-PA.
ARE THE ABOVE TAXABLE?. YES/NO PLEASE REPLY WITH SECTIONS TO BE APPLICABLE.
WHICH ITR WILL BE APPLICABLE, AS IT HAS LONG-SHORT TERM CAPITAL GAIN..REGARDS
CMA Ramesh Krishnan
(Expert)
16 July 2013
It is family pension. exempted up to Rs.15000 or 1/3rd of amount received. taxable under income from other sources.
you can file ITR-2
you can file ITR-2
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