1. whether retirement benefits such as gratuity SPF, Commuted pension are to be reported in ITR.
if so how.
implications of omission to report such items
Menu
Reporting under other non taxable income
Replies (1)
1. yes, exempted income must be reported under schedule EI (exempt income) .
2. Large amount should be declared as disclosing this income in the return helps create a trail and gives the taxpayer ready explanation for inveatment or use of such money in future
2. Large amount should be declared as disclosing this income in the return helps create a trail and gives the taxpayer ready explanation for inveatment or use of such money in future
Recent Threads
- Upload error for ITR 2 filing after validation
- CCI Forum gets fresh Look ! Share your views
- Presumptive taxation 44AD BLOCK PERIOD
- FORM 27Q FILING
- TDS for Advance Maintenance
- GST on product purchased at MRP
- TDS on Joining Bonus
- How to complete form10E Table details for the year
- How to submit ITR for old F&O losses
- Can an Software Engineer be termed as a workman an
Related Threads
CAclubindia
