Retirement benefits should be shown in itr or not

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Dinesh Mertiya (Querist)
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04 July 2016 Mr. A has retired during the year as State govt employee, he received retirement benefit during the year such as GPF, State Insurance, Com. Pension, Leave Salary. Details of retirement benefit should be mentioned in ITR as exempted income or not.

if yes, then huge amount may be enquired by department ?????????????

Thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 July 2016 Show it under exempted income. Dept will not enquire. Even if it is enquired you can show the details of receipt they will be satisfied with it.

Dinesh Mertiya

Dinesh Mertiya (Querist)
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04 July 2016 if state insurance (received as retirement benefit) is exempted....which section ?????

Amol S Joglekar

Amol S Joglekar (Expert)
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04 July 2016 show it under exempt income. And what difference it makes if it is enquired into...you are sure...it is exempt....Why to get scared for enquiry?

Dinesh Mertiya

Dinesh Mertiya (Querist)
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04 July 2016 Thank you for valuable information

Amol S Joglekar

Amol S Joglekar (Expert)
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04 July 2016 you are most welcome.

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