tax treatment of amount recd on death
This query is : Resolved
18 August 2008
LIC Amount recd on the death of a person to his widow.
and other amount from his office other than gratutiy and pf like as staff contribution
and other amount from his office other than gratutiy and pf like as staff contribution
18 August 2008
IT will be taxable in the hands of the widow.
18 August 2008
Amount from LIC policy-not taxable.
Other amount received by collection-taxable, if, together with other income, exceeds the maximum non-taxable limit.
Other amount received by collection-taxable, if, together with other income, exceeds the maximum non-taxable limit.
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
