taxable or no


Articled assistant

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
 
Reply   
 

what's the nature of receipt received from co-operative fund
 
Reply   
 
Articled assistant

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.
 
Reply   
 
https://www.tallycloudhub.com/

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.

 
Reply   
 
Articled assistant

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.
 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU