Easy Office
LCI Learning

Which itr to file itr-1 or itr-2?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 June 2014 I have earned income u/h salary, interest and also i have recieved LIC maturity receipt of rs 30000/- (which is exempt u/s 10(10D).

Which ITR would have to be filed by me?

The main question is whether the LIC maturity receipt is considered as "exempt income" or not?

As per ITR -1 , one cannot file itr-1 if one has agricultural/exempt income exceeding rs 5000/-.....Please tell me as soon as possible.
Profile Image

Sandeep Dharar

Profile Image

Sandeep Dharar (Expert)
10 June 2014 LIC Maturity will go to Exempted Income. I suggest to file ITR-2.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links