Tds applicability of decessed employee on giving lump sum am
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 April 2014
One of our employees was died during the duty time. His full & final settlement was done and amount is taxable, but company paid the same to to their legal heirs i.e. wife & their children equally.
Query: TDS to be deducted under heads of salary? Since the amount paid lump sum as ex-gratia; is it taxable?
Query: TDS to be deducted under heads of salary? Since the amount paid lump sum as ex-gratia; is it taxable?
Rupesh Jain
(Expert)
12 April 2014
NOT IT IS NOT TAXABLE AS SALARY DUE TO EMPLOYEE NOT EXIST.
IT IS NOT TAXABLE FOR LEGAL HEIR.
IT IS COMPENSATION .
IT IS NOT TAXABLE FOR LEGAL HEIR.
IT IS COMPENSATION .
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