04 July 2014
Dear Sir, I wish to clarify a doubt regarding taxation of deceased person.
i.e. Mrs.vani was died in 15/03/2014 after retirement from IT Department. Actually she has received Rs.415000 during F y 13-14 as pension & her husband is also a government retired employee who is getting pension for Rs.420000/-p.a.. Now how the pension of Mrs. Vani will be taxable? Whether Mrs. Vani's husband can claim any special exemption in this regard? Assume both are senior citizen
CAclubindia
