Income tax return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2013
Respected Sir/Madam,
Our client has received Voluntary Retirement Compensation from employer which we are required to disclose under salary. But same we have to claim exempt. But where should i claim exemption in ITR form 1.
Please guide me.
Our client has received Voluntary Retirement Compensation from employer which we are required to disclose under salary. But same we have to claim exempt. But where should i claim exemption in ITR form 1.
Please guide me.
Guest
Guest
(Expert)
25 May 2013
As per instruction to file ITR,
If exempted income exceeds Rs 5000, the assesse is required to file ITR 2 not ITR 1
If exempted income exceeds Rs 5000, the assesse is required to file ITR 2 not ITR 1
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