Tax free remuneration - itr filling
This query is : Open
R K Bhandari
(Querist)
23 February 2018
I am working with Asian Development Bank as a consultant for a period 29-May-17 to 28-May-18 and my remuneration is tax free.
As I am getting tax free remuneration from ADB for FY 2017-18 hence my taxable income is zero, please advise whether I need to file ITR, if yes than how can I proceed.
Regards
R K Bhandari
As I am getting tax free remuneration from ADB for FY 2017-18 hence my taxable income is zero, please advise whether I need to file ITR, if yes than how can I proceed.
Regards
R K Bhandari
23 February 2018
If Tax Free income then Show it under exempted Income....
But, Please explain yourself for how is it under Tax Free...
Anil Verma
(Expert)
23 February 2018
tax free?
Do you mean as they are paying you net of tax amount.. if this is case then surely Bank is grossing amount and then making you payment.
Show gross amount as business income and tax deposited by bank as advance tax paid.
Check your form 26AS
Do you mean as they are paying you net of tax amount.. if this is case then surely Bank is grossing amount and then making you payment.
Show gross amount as business income and tax deposited by bank as advance tax paid.
Check your form 26AS
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