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taxable or no

Others 350 views 4 replies
My father is a retired Railway employee and has received central railway employee co-operative society fund. Is this taxable as even tds has not been deducted other on his pension tds is deducted.
please help
Replies (4)
what's the nature of receipt received from co-operative fund
even I am not very sure about it whether its a revenue receipt or capital..he just used to contribute some about at the time of employment and after 5-6 years of retirement he received a lump sum amount.

a certain specified income of a co-operative society engaged in specific activities is considered as a deduction if such income is included in the gross total income of the society.

ohhhkk...so can u tell me as to where will I get this details of specific activities as the amount received is really relevant...if I can claim the deduction it will make a whole lot of difference.


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