HI everyone
Please tell me about the taxability of Ex-gratia in the hands of receipient?
Thanks
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Taxability of Ex-Gratia
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Gratuitous payments to widow/legal heirs of employee - A lump sum payment made gratuitously or by way of compensation or otherwise to the widow or other legal heirs of an employee, who dies while still in active service, is not taxable as income under the Income-tax Act, 1961—Circular : No. 573, dated 21-8-1990.
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