R.V.Durga Prasad (Student) (92 Points)
26 July 2011Dear All,
Please clarify the below Query.
My colleague has getting Pension from SBI monthly around 1300/- + but it is a tax savings of earlier years. now he is retired & he is gettting this by monthly. Whether it is taxable or exempted from tax. Please clarify.
Thanks & regards
Prasad
Sunshine
(Helping All)
(10575 Points)
Replied 26 July 2011
Uncommuted pension is always taxable in the hands of the receiver...So, there will be tax liability on ur frnd..
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 26 July 2011
| Originally posted by : Sunshine... | ||
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Uncommuted pension is always taxable in the hands of the receiver...So, there will be tax liability on ur frnd.. |
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CAclubindia
