Is the Death Fraternity Contribution received to the legal heirs of a deceased person from multiple Social Security Schemes conducted by his Professional Association in which the deceased person is member of. Is the amount received tax exempt or taxable for the legal heirs ???. I believe insurance payout is tax free but not sure about this one.
Menu
Death fraternity contribution - tax exempt or not
Replies (1)
I think it will be taxable under income from other sources.
Wait for more replies.
Recent Topics :
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
- AIS Password: How to Open Your AIS PDF?
- Interview Questions
- ITR Filing Last Date 2026
- Tds - filing Conso File for tax year 2026-27
- ITR-3 Filing For AY 2026-27 - Tips
Related Topics :
CAclubindia
