One of my client has received a sum of Rs.1 lac from Govt. as her husband died during employment. Earlier government was offering job but now only compensation is being given. So I need advice whether this compensation is taxable or not.
Thanks in advance
Regards,
Harsh Shah
Menu
Compensation received in liue pf job
Replies (1)
compensation received by the heirs of the deceased employee from his employer is concerned, the CBDT, through circular No, 573 dated August 21, 1990, has clarified that a lump sum payment made gratuitously or by way of compensation or otherwise, to the widow or other legal heirs of an employee, who dies while still in active service, is not taxable as income under the Income-Tax Act, 1961.
Recent Threads
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
Related Threads
CAclubindia
