https://www.taxtmi.com/circulars?id=4990 The Board clarifies that lump sum payments made gratuitously or by way of compensation or otherwise to the widow or other legal heirs of an employee who dies while in active service do not constitute taxable income under the Income-tax Act, 1961 and are not subject to income taxation in the hands of the beneficiaries. en-us Tue, 21 Aug 1990 00:00:00 +0530 Fri, 08 Aug 2008 13:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4990 The Board clarifies that lump sum payments made gratuitously or by way of compensation or otherwise to the widow or other legal heirs of an employee who dies while in active service do not constitute taxable income under the Income-tax Act, 1961 and are not subject to income taxation in the hands of the beneficiaries. Circulars Income Tax Tue, 21 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4990