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Taxability of Amount received by Widow

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Chartered Accountant
89 Points Posted on 23 August 2019
Dear Members,

One of my Friend's mother received Rs 20 lakhs in her bank account contributed by various members or her friends(who are not relatives) on occassion of her husband death. What is the taxability of her? till now she has not filled any ITR in previous years

Is their any exemptions?

Thanks in Advance
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On 23 August 2019 at 20:20 Report
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17264 Points Posted on 23 August 2019
Upto 50000 it's exempt. That means 19.50 lakhs will be taxable alongwith her other income. She will be required to file return also.
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On 23 August 2019 at 20:44
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Chartered Accountant
89 Points Posted on 23 August 2019
Dear Member,

Thanks for reply

Can't it be proved under exception, In contemplation of death of the payer. Does this type of matters discussed in any case law.
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On 23 August 2019 at 22:08
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17264 Points Posted on 23 August 2019
The Act does not provide any relief or concession on this
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On 23 August 2019 at 23:10
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363 Points Posted on 24 August 2019
Entire amount will be taxable. No exemption even of 50000/ will be available.
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On 24 August 2019 at 08:46
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Chartered Accountant
89 Points Posted on 24 August 2019
Thank You,

What are consequences if I dont file ITR
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On 24 August 2019 at 11:39
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17264 Points Posted on 24 August 2019
When the Widow received money I mean before 31-3-2019 or in current FY
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On 24 August 2019 at 17:32
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Chartered Accountant
89 Points Posted on 24 August 2019
Dear Pravin,

She received in Current year.
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On 24 August 2019 at 17:35


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