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....
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Exempt income - filing in ITR
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.
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
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Got it sir, thank you
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