Poonawalla fincorps
Poonawalla fincorps

Taxation on money obtained after death of husband

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 April 2013 Dear Sir

My mother has received the following on my fathers death.

1. Ppf money maintained by my father.
2. Death grant
3. Money as family pension of about 28000 per month.


Kindly advise me on tax treatment of the above. My mother is not working.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
29 April 2013 PF & Death grant will be exempted, Monthly family pension is taxable under the head other sources after deduction of 33 1/3 % of such Pension received OR Rs. 15,000/- whichever is less
Profile Image

C A S.S.Agarwal, M.Com.,LL.B,

Profile Image

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
12 June 2013 If it is commuted pension then a part is taxable in the hands of your mother. For other matters I agree with the experts
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links