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Compensation recived

This query is : Resolved 

20 January 2015 sir
my employers wife died in railway accident
and he received 10lakh compensation from state govt
i want to know where to show this exempted income in itr- 2
my employer also become leagl heir of f.d. and rd deposits
is principal amt of fd and rd is taxable as income from other source

20 January 2015 int is taxable as income from other sources.

20 January 2015 means fd and rd deposits principals




20 January 2015 means fd and rd deposits principals


and what about compensation recived

20 January 2015 fd is not taxable but the int on same is taxable.

20 January 2015 thanks sir

sir where to show compensation recived in itr 2


20 January 2015 it shall be shown as income from other sources in itr2

20 January 2015 compensation amount not taxable but income from compensation will taxable under income from other sources




20 January 2015 ok so i can show compensation recived in itr 2 as exempted income



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