Taxability
This query is : Resolved
10 July 2019
Dear Sir,
Maternal uncle of my mother was expired. He was bachelor and was an employee. His had stated my mother as sole nominee. she is entitled to get the Providend Fund amount of the deceased. Now whether such PF amount as received by my mother is taxable. Or not?
Maternal uncle of my mother was expired. He was bachelor and was an employee. His had stated my mother as sole nominee. she is entitled to get the Providend Fund amount of the deceased. Now whether such PF amount as received by my mother is taxable. Or not?
10 July 2019
Assuming the deceased has no legal heir's, the nominee can enjoy the PF amount
and it is tax free.
and it is tax free.
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 our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Form 121 & TDS deduction
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Regarding TDS Applicability For Director Remuneration
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
