Sir, My mother has got a sum of money about 5 lacs in the
form of pension arrears. Will she have to pay the income
tax on this amount which is deposited in her bank account &
if it is then please suggest me to save the tax at maximum
possible.



Sir, My mother has got a sum of money about 5 lacs in the form of pension arrears. Will she have t..

Answer / rupesh kumar

it is taxable relevant financial year but she can claime
for exemption U/S 89(1)

Is This Answer Correct ?    3 Yes 0 No

Post New Answer

More Taxation Interview Questions

A person buys and sells a number of vehicles in a tax year and makes a significant amount of profit in the process. Will such profit be taxable as capital gain?

3 Answers  


WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify

1 Answers  


If fail to deposit tds within or on 7th of next month then what will be the Interest charge?

4 Answers  


tds deduction all categries details

2 Answers   Infosys,


What is a service tax?.How to pay the service tax return?

1 Answers  


How can calculate tds and vat and what is pay roll. plz send answer immediatly

2 Answers  


If any one provide TDS and Service tax Rates from 2003 to 2010

2 Answers   Essar, Reliance,


What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India.

34 Answers   ABC, Defence Accounts Department, New Trends‎, Unique Software Systems,


What is the eligibility criteria of C-Form(Manufacturing goods of borewell bits, Hammers, Drilling Tools and Air compressors, etc..). If such company will purchase safety shoes, buyer can eligible to issue C-Form?

1 Answers   Atlas Copco,


Wat are the heads in Taxation?

4 Answers   OPI Global,


if i baught an house @ 1500000 by cash or by cheque for self use then how much tax i liable to pay? if my annual income is not taxable, and the buying power came from earliar old property. plz clearify all asked in one private co.

1 Answers  


what is the meaning of tax collection at source?

4 Answers  


Categories