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 ?.

[KASTURI SETHI]

Pension income will be included.

[Ganeshan Kalyani]

yes it will be added to the gross income.

[DR.MARIAPPAN GOVINDARAJAN]

Definitely included. It is the first source and permanent source of his income.

AI Summary

Pension income included as part of gross income when received alongside business remuneration and capital interest.
Pension income received by an individual must be included in that individual's gross income. In the described scenario-an individual running a partnership who also receives remuneration, interest on capital and a pension-respondents uniformly confirm the pension is a separate, durable source and should be added to the assessee's aggregate gross income for taxation.