ITR filing related query

where to show all these in itr
LIC maturity
ITR refund recieved

house rent paid
bank charges paid
Replies (2)
Quick Summary
This discussion clarifies how to report various items in your Income Tax Return (ITR). LIC maturity and ITR refunds are generally shown under 'income from other sources', though the principal amounts are often exempt. House rent paid and bank charges should be treated as indirect expenses. The exact reporting depends on the nature of your income.

LIC maturity is added to capital account in balance sheet In itr it is under income from other sources

ITR refund also added to capital account in balance sheet
in itr it is also shown under income from other sources

house rent and bank charges should be shown as indirect expenses in itr
First state the nature of your income. LIC maturity amount is exempt subject to the conditions. ITR refund is exempt but interest on refund to be admitted as income from other sources. house rent and bank charges to be decided based on your nature of income

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