Mr. A has retired during the year as govt employee, he received during the year retirement benefit such as GPF, State Insurance, Com. Pension, Leave Salary, details of retirement benefit should be mentioned in ITR as exempted income or not.
Dinesh Mertiya (PROFESSIONAL) (761 Points)
30 June 2016Mr. A has retired during the year as govt employee, he received during the year retirement benefit such as GPF, State Insurance, Com. Pension, Leave Salary, details of retirement benefit should be mentioned in ITR as exempted income or not.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160721 Points)
Replied 10 July 2016
Always better to declare any income, exempted or taxable. Why worry when no tax liability?
CAclubindia
