Hello CA Experts,
My sister & father passed away last year due to covid. Both had made my mother as nominee and the death claims was settled in my mother's SB account during last FY (2021-2022) itself.
My question : What is the Tax Percentage to be paid on the Death Claim amount received ? and will the death claim amount need to be shown/ declared in IT Return ?
Rgds, Krishna
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Dear sir,
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dear sir,
i purchase goods through broker and pay comm. and brokerage.please advice me i have to pay gst?also i receive some comm.please advice is gst payable on receipt?
with thanks
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Thanks in Advance
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Income Tax on Death Claims