TDS on Payment of Superannuation anount

This query is : Resolved 

10 January 2011 Sir,
If the employee of the company expired, whether the superannuation amount which will be received his nominee is taxable. Plase guide me. If yes at what rate and under which section?

10 January 2011 Hi Yogesh,

No it's not taxable in the hands of legal heirs on the death of the beneficiary if it is a approved superannuation fund. Please refer Sec 10(13) of the IT act.

12 January 2011 the same rules will be applicable supposing the person is alive




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