Pension taxability
This query is : Resolved
07 May 2010
Can pension be taxable under Income from other sources since there exists no employer-employee relation at the time of receipt of such income?
07 May 2010
No, pension can only be taxed under Salaries. You receive pension because you rendered services to the employer in past, hence complete connection of Employee - employer is established.
Message likes :
1 times
CA Prashant Gupta
(Expert)
07 May 2010
self pension is only taxed in Salary head.
family pension is taxed under income from other sources. No change allowed in this.
family pension is taxed under income from other sources. No change allowed in this.
Message likes :
1 times
CMA Arif Farooqui
(Expert)
13 May 2010
self pension is chargeable under salary head because you rendered service in past that is why employer is giving you pension. but family pension is taxable in other sources as there is/was no employer-employee relation.
Message likes :
1 times
CA Ravi Sisodia
(Expert)
13 May 2010
only family pension is taxed under income from other sources.
Message likes :
1 times
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
