Retirement benefits should be shown in itr or not
This query is : Resolved
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
if yes, then huge amount may be enquired by department ?????????????
Thanks
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.
04 July 2016
if state insurance (received as retirement benefit) is exempted....which section ?????
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?
04 July 2016
Thank you for valuable information
04 July 2016
you are most welcome.
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