Is Commuted Family pension recieved by the wife of a deceased Govt. Employee Exempt under sec10(10a) Or Not? If not can it be claimed as a exemption under other relevant section?
kaushik sreekumar (student) (34 Points)
30 June 2014Is Commuted Family pension recieved by the wife of a deceased Govt. Employee Exempt under sec10(10a) Or Not? If not can it be claimed as a exemption under other relevant section?
CA Pooja Sharma
(Chartered Accountant)
(192 Points)
Replied 30 June 2014
Commuted Family Pension received by legal heirs is not taxable in view of CBDT circular referred below:
kaushik sreekumar
(student)
(34 Points)
Replied 01 July 2014
| Originally posted by : POOJA SHARMA | ||
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Commuted Family Pension received by legal heirs is not taxable in view of CBDT circular referred below: https://www.incometaxindiapr.gov.in/incometaxindiacr/contents/CBDTFiles/Circulars/CBDTLaws/HTMLFiles/sec4_573_90.htm |
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In my opinion Family Pension cant be considered as a gratuitous payment nor as a compensation. So will the above circular will be still valid for the case i presented?
CA Pooja Sharma
(Chartered Accountant)
(192 Points)
Replied 01 July 2014
I think it should be applied as the cicular states that any payment gratiously or by way of compensation or otherwise.
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