Pesion
This query is : Resolved
Pankaj Kumar
(Querist)
31 March 2016
Dear Sir
Pls tell me if a dependent receive pension after death of a person who was lecturer in govt college then what was tax liability whether pension exempted u/s 10 (18) or not
Pls tell me if a dependent receive pension after death of a person who was lecturer in govt college then what was tax liability whether pension exempted u/s 10 (18) or not
CA R SEETHARAMAN
(Expert)
31 March 2016
Not exempted u/s 10(18) this pension is taxable. Refer section 56 and 57 of Income tax Act.
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Pankaj Kumar
(Querist)
31 March 2016
Dear Sir,
Whether said income can be exempted u/s 10 (10A) or not
Whether said income can be exempted u/s 10 (10A) or not
CA R SEETHARAMAN
(Expert)
31 March 2016
Only commuted pension is exempted under the section.
Amol S Joglekar
(Expert)
31 March 2016
Are you referring "Family Pension"? If so, the same is taxable in the hands of receiver.
If you are referring "Arrears of pension", the representative assessee can file the return of income.
If you are referring "Arrears of pension", the representative assessee can file the return of income.
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