Salary head gratuity rec
This query is : Resolved
28 July 2019
Sir
My Father was a Govt Employee. and after his death i have received Rs. 2.40 Lac as Gratuity (rec. on death) in my account. I withdraw such amount and made FDR.
My question is Whether such Gratuity amount is taxable in my head or not?
My Father was a Govt Employee. and after his death i have received Rs. 2.40 Lac as Gratuity (rec. on death) in my account. I withdraw such amount and made FDR.
My question is Whether such Gratuity amount is taxable in my head or not?
28 July 2019
Not taxable treated as gift from relative exempt from tax.
28 July 2019
I have to show such gratuity amount in my IT return or not
28 July 2019
Show it in exempt income schedule under gift from relative.
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