Dear Sir,
if a man die and his gratuity amount or fund amount given to his wife sir pls tell me it is taxable income or not and she transfer amount in her 3 childrens two two lacs each in FD and taken loan from each a/c and bank deducted the TDS in those FD sir pls tell me the processor to file the return .
Thanks
Dheeraj Pujari
I think it will not be taxed in the wife's name but will be taxed in the Man's hand (even after death).
Deduction u/s 10(10) can be claimed.
If the wife transfer's the amount to her children it will not be taxed as it is a gift.
The latter part of the question I am not able to understand
CAclubindia
