Regarding Pension Income

[m Bhagat]

Dear Sir,

A person is running a partnership business and he get remunartion as well as interest on capital on his business , and he also receiving pension from his previous employer.

Please confirm that his pension income will be inclued in his gross income or not ?.

AI Summary

Pension from Previous Employer Must Be Included in Gross Income for Partnership Business Earnings A person involved in a partnership business, earning remuneration and interest on capital, inquired whether pension from a previous employer should be included in gross income. Three respondents confirmed that pension income should indeed be included in the individual's gross income. They emphasized that pension is considered a primary and permanent source of income, thereby necessitating its inclusion in the overall income calculation.