Please Help: ex gratia
Posted Date : 09-Sep-2011 , 11:16:26 am | Posted By: Aakash
Category :
Income Tax | Answers :
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sir ex gratia paid to legal heirs of deceased employee...........taxable or not
any reference would be great
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Answers:
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 Answer by: Ashish Karundia |
| Dear Friend,
The ex gratia is exempt from tax u/s 10(10c) even if received by legal heirs if the conditions mentioned therein is fulfilled.
You can refer Circular : No. 776, dated 8-6-1999 issued by Income Tax department.
Hope this answers your query.
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