06 January 2015
dear member i submit my return itr 1. i show net amount in salry head but i receive transport allowance 7200 but i not show in exempt income column in itr 1 . its right or wrong. plese gudie me
06 January 2015
then no exemption shall be give to you as u need to correctly disclose the exemption in that column so better file revise return in case if filed on or before due date.
06 January 2015
I FILE THE RETURN AFTER THE DUE DATE IF I NOT DISCLOSE THE EXEMPT INCOME THERE IS NO PROBLEM IN ASSESSMENT OF INCOME OTHER WISE I RECEIVE THE ANY NOTICE FORM IT DEPT ON RELATED ISSUE ON THIS PROBLEM, HAVE CHARGED ANY PENALTY ON RELATED ISSUE
08 January 2015
Exempted income has already been reduced from salary and net taxable income from salary has been shown. So the question of taxing exempted income does not arises.
CAclubindia
