Query regarding family pension from rbi
Kushang Thakkar (Practising) (138 Points)
04 August 2016Kushang Thakkar (Practising) (138 Points)
04 August 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170785 Points)
Replied 05 August 2016
It will be taxable under the head ‘income from other source’ .under section 57(iia) a standard deduction shall be allowed to the legal heir @ 33.333% of such pension or Rs. 15,000, whichever is less.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)