Compensation from government to army person

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4 Points Posted on 29 November 2020
one of the client army person he is no more (deceased) he got compensation around 40lakh it is exempted or taxable then which head it comes
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On 29 November 2020 at 08:17 Report
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This discussion clarifies the taxability of compensation received by deceased army personnel from the government. The consensus is that such compensation, amounting to approximately 40 lakh in this case, is generally exempt from tax. Further details on the specific tax sections supporting this exemption can be provided upon request.

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Accountant
3662 Points Posted on 29 November 2020
No tax payable on compensation received from government
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On 29 November 2020 at 09:21
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205 Points Posted on 29 November 2020
Exempted
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On 29 November 2020 at 11:42
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4 Points Posted on 30 November 2020
Can you send me section details if possible
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On 30 November 2020 at 10:34

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