Retirement benefits should be shown in itr or not
This query is : Resolved
Dinesh Mertiya
(Querist)
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
CA R SEETHARAMAN
(Expert)
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
(Querist)
04 July 2016
if state insurance (received as retirement benefit) is exempted....which section ?????
Amol S Joglekar
(Expert)
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
(Querist)
04 July 2016
Thank you for valuable information
Amol S Joglekar
(Expert)
04 July 2016
you are most welcome.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Reward for festival
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Appointment of Auditor By Form ADT-1
- TDS Return Statement Status
- Import of Capital Machine
- Gift to nri relatives resides in usa
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
