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 Topics :
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
Related Topics :
CAclubindia
