Is Commuted Family pension recieved by the wife of a deceased Govt. Employee Exempt under sec10(10a) Or Not? If not can it be claimed as a exemption under other relevant section?
Is Commuted Family pension recieved by the wife of a deceased Govt. Employee Exempt under sec10(10a) Or Not? If not can it be claimed as a exemption under other relevant section?
Commuted Family Pension received by legal heirs is not taxable in view of CBDT circular referred below:
https://www.incometaxindiapr.gov.in/incometaxindiacr/contents/CBDTFiles/Circulars/CBDTLaws/HTMLFiles/sec4_573_90.htm
| Originally posted by : POOJA SHARMA | ||
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Commuted Family Pension received by legal heirs is not taxable in view of CBDT circular referred below: https://www.incometaxindiapr.gov.in/incometaxindiacr/contents/CBDTFiles/Circulars/CBDTLaws/HTMLFiles/sec4_573_90.htm |
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In my opinion Family Pension cant be considered as a gratuitous payment nor as a compensation. So will the above circular will be still valid for the case i presented?
I think it should be applied as the cicular states that any payment gratiously or by way of compensation or otherwise.
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