Dear Experts,
I am filing my individual tax returns under ITR-2, I am a salaried person and have following queries:
1) I am private sector employee and upon resignation from prior company in last financial year I received Leave Encashment which is non taxable. Where in ITR-2 can I mention this amount? Whether this will be under exempt allowances in SALARY sheet or under OTHER in Exempt Income sheet? or any other appropriate place to record this?
2) Where in ITR-2 can I mention amount of interest earned on EPF?
3) There are few articles online which state that EPF interest has become taxable ? Is this true as there are few more articles which suggest this was rolled back and interest on EPF is fully exempt? I am confused, please help with your insight and how to declare it in ITR-2?
4) I have received gift from non relative of 35000 where in ITR-2 can i mention this
5) I have income from future options for 7000 where in ITR-2 can i mention this Kindly help with these queries Thanks
CAclubindia
