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Exempt income - filing in ITR

266 views 5 replies
Client has LIC maturity proceeds which are exempt as per sec.10

Now while filing ITR

Can I directly report that income in "Exempt income" tab

or

"should I first report it in "Other sources tab" and then claim it as exemption in "exempt income " tab...

please clarify....
Replies (5)
Sec 10 is an exempted income. All income are exempted under this section.
You hv to report it under exempted income. Include it in gti and exempt it.
That means should I also report it under "income from other sources" , sir??

No. If you include in IOS then it comes under taxable

Report only In exempt 

Mail your details to get a resolution.

Got it sir, thank you


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