Itr-2

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2013 Basic..........................234500
Children Education Allowance...9250
Transport Allowance............10500
Leave Encashment.................7000
Bonus............................36593
Gross Total Income..............297843
Less:-Exempted allowance
Transport allowance@800p.m.......9600
Taxable income...................288243
These are my details...Whether ITR-2 to be filled?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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29 July 2013 Yes ITR 2 is applicable as exemption exceeds Rs 5000/-.
.

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2013 But sir i think transport allowance is exempted allowance and not exempted income so which ITR to be filled

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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29 July 2013 It is first an income.
.
It is exempt U/s 10(14).
.

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2013 thanks sir.......means exempt transport allowance of Rs.9600 to be mentioned in exempt income schedule of ITR-2.....

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