How to claim Deduction u/s 10(26) in income Tax return,
Having only Income from Salary, but in ITR 1 i did not find any option to claim deduction., how should i proceed to file income TAX return
Should i file nill return , as Income from salary is not taxable in the hand of the assessee
Thanks
Any Expert Sugesstion ..???
You should show your income under the head exempted income.
if your exempted income is less than Rs. 5000 than you should file ITR-1 and show exempted income in the Point no.27 i.e Exempt Income only for Reporting purpose.
If your exempted income is more than Rs. 5000 than you should file ITR-2 or 2A
Gupta Sachdeva & Co. Chartered Accountants
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