Poonawalla fincorps
Poonawalla fincorps

pension

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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?
Profile Image

CA MANOJ GUPTA

Profile Image

CA MANOJ GUPTA (Expert)
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

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