pension
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2011
a person recd his pension after 15yrs of petition the amount was Rs. 350000. will it be taxable? can it be included in commutation of pension?
25 May 2011
IT IS NOT COMMUTED PENSION
PENSION IS TAXABLE AS SALARY
SALARY IS TAXABLE ON DUE OR RECEIPT BASIS'
SINCE THE SUM HAS NOT BEEN TAXED EARLIER
ENTIRE AMT WILL BE TAXED NOW
CA MANOJ GUPTA
JODHPUR
09828510543
PENSION IS TAXABLE AS SALARY
SALARY IS TAXABLE ON DUE OR RECEIPT BASIS'
SINCE THE SUM HAS NOT BEEN TAXED EARLIER
ENTIRE AMT WILL BE TAXED NOW
CA MANOJ GUPTA
JODHPUR
09828510543
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