banner_ad

TAXABILITY OF FINANCIAL HELP RECEIVED FROM OFFICE STAFF

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 October 2010 ON DEATH OF OFFICE STAFF HIS FRIENDS, CO WORKERS, OLD EMPLOYEES OF SAME COMPANY ARE SENDING AMOUNT THROUGH CHEQUES / DEMAND DRAFT / PAY ORDER / RTGS (WHICH MAY AMOUNT TO 10 LACS) TO HIS WIDOW HAVING TWO CHILDREN.

FOR THE NOBLE CAUSE PL ADVISE / GUIDE FOR THE TAXABILITY OF THE ABOVE IN HANDS OF WIDOW.

IF ITS TAXABLE THAN WHAT WOULD BE BEST MODE TO RECEIVE THE ABOVE TO MINIMISE THE TAXABILITY
Profile Image

CA.Amit Revankar

Profile Image

CA.Amit Revankar (Expert)
27 October 2010 the same will be taxed in the hand of lady as gift and will be chargeable to tax.
1)I think donor shud donate to NGO with specfic direction to use the money for the welfare of widow family.
2)instead of giving money directly, donor should take care of their livilyhood, which shud not cross exemption limit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details