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
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
and what about compensation recived
and what about compensation recived
20 January 2015
fd is not taxable but the int on same is taxable.
Message likes :
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20 January 2015
thanks sir
sir where to show compensation recived in itr 2
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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