a)In ITR-4 in section 80TTA - exemption is showing zero even after filling the amount
b) In ITR-1 My wife took Leave encashment (TDS was deducted). This income should be shown in exempt income or not?
a)In ITR-4 in section 80TTA - exemption is showing zero even after filling the amount
b) In ITR-1 My wife took Leave encashment (TDS was deducted). This income should be shown in exempt income or not?
1. May be income from other sources not filled.....
2. The amount of earned leave you encash will be taxable as salary income in your hands. The encashment of earned leave at the time of retirement is exempt from tax, subject to certain conditions.
Thanks Rambhia ji. You were spot on.
What about Profession tax of rs 2500. Is it deemed to be included in 50 percent expnses along with depriciation for ADA filers.??
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