Ms. Laxmi received ₹ 60,000.by way of family pension from State Government. The amount of family pension eligible for exemption under section 10(19) is :
CS Executive · Tax Laws and Practice · PYQS · December 2017
Ms. Laxmi received ₹ 60,000.by way of family pension from State Government. The amount of family pension eligible for exemption under section 10(19) is :
Answer & Explanation:
The official key records '*'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: Under section 10 (19) family pension received by the widow or children or nominated heirs, as the case may be, of a member of the armed forces (including paramilitary forces) of the Union, where the death of such member has occurred in the course of operational duties, in such circumstances and subject to such conditions, as may be prescribed, is exempt. However, the exemption is only for family pension received from the Union and not State Government; hence, exemption under Section 10 (19) = NIL." Hence, None of the option found to be correct.
Topics: Income Tax
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