Gratuity in ITR-5

22 October 2019
Dear All,

How will I be able to show gratuity in itr -5, as the opening balance was 70 lac now the closing balance is 65 lac so I have passed a reverse entry of 5 lac i.e. in credit side of P&L. So now how will I show 5 lac in the ITR as it is increasing my profit by 5 lac.


Click to Talk 22 October 2019
No need to show it separately in ITR show it as other income in P and L account.

info SKA (Querist)
23 October 2019
But it will increase income by 5 lac rupees which has already been disallowed in the previous year so now it will be included in the income which increases the income tax that is the problem.


Click to Talk 23 October 2019
Reduce the gross income by 5 lacs and file the return

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

CA Learning
Get Income Tax App    |    x