Gratuity in ITR-5


(Querist)
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.


CA R SEETHARAMAN (Expert)


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.

CA R SEETHARAMAN (Expert)


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



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