Tax on arrear
This query is : Resolved
24 February 2018
After death of Mr. X, his wife Mrs. X was getting pension.
During F.Y. 2016-17, Mrs. X also died and his son got an amount of Rs. 4.0 Lac, which was due towards pension of his mother. This amount was received after death of his mother. Concerning bank deducted TDS thereon under section 192 and which is reflecting on PAN of son.
Question is that 1) Whether this amount is taxable in hand of assessee and if yes then under which section ? Please guide…
During F.Y. 2016-17, Mrs. X also died and his son got an amount of Rs. 4.0 Lac, which was due towards pension of his mother. This amount was received after death of his mother. Concerning bank deducted TDS thereon under section 192 and which is reflecting on PAN of son.
Question is that 1) Whether this amount is taxable in hand of assessee and if yes then under which section ? Please guide…
25 February 2018
Taxable in the hands of assessee as income under other sources. Standard deduction of lower of Rs.15000 or 1/3 of pension received is available as deduction
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Sale of property furniture sale
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
