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what is the reason for the anwer being 'nil'? 1) not coming under the meaning of family pension or something else?

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Kumar Sarthak

Kumar Sarthak

CMA Final

12K+

01-Nov-20 17:16

363

Answers (2)

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(CBDT circular no 573 dated 21/8/1990)


anil vagvala

anil vagvala

CA Inter

720

01-Nov-20 19:57

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