Taxability of interest for gratuity trust
This query is : Resolved
18 June 2016
I know that interest in the hands of Gratuity trust is exempt u/s 10(25)(iv) of Income Tax Act, 1956. But I want to know under which head of income it should be shown to claim it to be exempt. It is made taxable for our client when it is shown under Income from other sources. What should I do?
18 June 2016
Show it under exempted income.
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