18 November 2014
Sir, I am an ex-servicemen currently working in Central Government office and drawing disability pension for 40% disablity. Sir I learnt that disability pension of Armed forces is exempted from income tax vide Ministry of Finance(Dept of Revenue)letter F.No.200/51/99-ITA-1 dated 06 May 2000. Sir if it is exempted how do i show that income and under which section i should deduct it from? Please give me some guidance..
19 November 2014
Sir one of my friend told that is fully exempted under section 10.Is there any requirement to report to Income tax of India and if so how do i report it to tax authorities?
19 November 2014
Yes sir.So i need not report that income anywhere? And will there be any problem in future from tax authorities stating that income is not reported anywhere(even it is exempted)?