Where to show the allowances exempt u/s 10 in new ITR 1 ?
2 Replies
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 04 July 2018
You have to show only taxable portion of allowances.
SHIRISH S S
(Proprietor)
(1080 Points)
Replied 04 July 2018
1) Allowance which are taxable should be shown in "Salaraies and Pensions" - S.No 1 (ii)
2) Allowance which are exempt should be shown in S.No 27 (d) S.No 1,2,3 etc as the case may be. Select the cell . Click on the arrow besides the cell. Select appropriate section from drop down. BOTH SECTION NO AND ITS DESCRIPTION GIVEN. If the selection is others, then the cell besides it will automatically turn green . Type the descripttion here .
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