Hi,
A person employed in Central Government(Delhi) died during service and his/her legal heirs are getting Ex-Gratia Payment. Whether the amount received is Taxable or not.
Menu
Ex-gratia payment is taxable?
Replies (1)
No, Amount received in lumpsum on the death of employee is not taxable to income tax
as per circular no. 573 dt. 21.08.1990
Recent Topic
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
- GST Payment through DRC-03 by cash against notice
- Schedule EI for ITR1
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
Related Topics
CAclubindia
