Which itr to file itr-1 or itr-2?
This query is : Resolved
CA utsav agarwal
(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.
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.
Sandeep Dharar
(Expert)
10 June 2014
LIC Maturity will go to Exempted Income. I suggest to file ITR-2.
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