Dear Experts,
I receive a monthly annuity from LIC based on superannuation fund invested by my employer in LIC.
For ITR-2, is this annuity pension amount to be shown under Salary and can I take a standard deduction of Rs 50000/-.
regards,
Milind Karoor
Thank You madam.
May I draw your attention to a news article, which sats that the annuity purchased by my employer can be shown under salaries.
please view the 2 links mentioned in attached document and revert with your advice.
In my opinion, this annuity pension will be taxable under the head salary and a standard deduction of Rs. 50,000 will be available.
Chirag N Shah & Associates
Mumbai
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Interactive Media Pvt Ltd.
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CA Inter
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