Ex-gratia

This query is : Resolved

ravi n (Querist)
Follow

29 September 2012 One OF OUR ASSESSEE'S LEGALHEIR RECEIVED EX-GRATIA OF Rs.850000/- during the f.y 2009-10. TDS has made by employer of Rs.148000/- wheather it is eligibele to claim refund under applying relief u/s 89 or U/S 10.(compensation received). please reply method of calculation.

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
Follow

01 October 2012 A lumpsum 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.SeE Circular No. 573, dt. 21-8-1990.
CA MANOJ GUPTA'
JODHPUR
09828510543