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

I have an interview, they are asking direct and indirect taxes and exp. pls tell me any one regarding this which type of questions they will be asking.

3 Answers  


IS ESI is applicable to audit firm which has more than 20 employees?

3 Answers  


how to calculate entry tax interest rate 2011-2012 assessment pending amt. is Rs.32000

0 Answers   ABC, ACC,


can we deduct the tds on purchase of computer, server?

8 Answers  


What is process CST & Custom Duty Handle in tally Erp 9, with example.

0 Answers   DIIT,






Is Work Contract Tax expenses for a company?

0 Answers  


How we calculate TDS on Salary, They are taken net salary either Gross salary

3 Answers  


If I sale old fixed assets then what will be its entry passed. In loss as well as in Profit condition. Plz. advised me with example.

2 Answers  


can I avail interest paid and repayment of Loan taken from friends for construction of House property. if so under what section of Income tax Act

1 Answers  


If we want to do online PT registration it starts from 2007-08. But our firm started 2005-06. What is the procedure? Manually we have to submit the documents. Can any one let me know.

0 Answers  


Can anybody tell me that what is the difference among ER- 1,ER-2,ER-5 and also write please applicablity circuler/rule for its limitation or please advice me the best book related rules which is helpful for excise accounting. "THANKS IN ADVANCE"

2 Answers  


what is document require for vat registration?

4 Answers  


Categories