Exemption u/s 10(26)
This query is : Resolved
29 June 2018
My client is in receipt of salary from north east & show exemption u/s 10 of Rs 3600000/- something salary.
Now my question is how to show exemption in salary return. whether I have to show full salary in salary column & than deduct exemption & in which column I have to show exemption.
or I simply show exemption of Rs.s 3600000/- in Income from exempt income.
now from AY 2018-19 we have to show salary bifurcation as per form 16 than how to show exemption u/s 10(26) in salary return & in which cloumn.
Please give urgent reply
Now my question is how to show exemption in salary return. whether I have to show full salary in salary column & than deduct exemption & in which column I have to show exemption.
or I simply show exemption of Rs.s 3600000/- in Income from exempt income.
now from AY 2018-19 we have to show salary bifurcation as per form 16 than how to show exemption u/s 10(26) in salary return & in which cloumn.
Please give urgent reply
29 June 2018
Show exemption of Rs.s 3600000/- in Income from exempt income. Under sr. no. 27(d) of ITR 1, if ITR 1 is applicable.
Message likes :
1 times
29 June 2018
suppose client received total salary of rs. 40 lakhs & out of which 36 lakhs exempt than how to show 4lakhs salary in return. How I give bifurcation of 4 lakhs in return.
In form 16 40 lakhs include basic salary, da, hra, lta, perquisites etc, out of this simply exempt 36 lakhs under sec10 has written in form 16. please give urgent reply.
In form 16 40 lakhs include basic salary, da, hra, lta, perquisites etc, out of this simply exempt 36 lakhs under sec10 has written in form 16. please give urgent reply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
