21 December 2019
We had filed the IT Return for a person who is working in a public sector bank after the retirement from Indian Air Force. We claimed the full deduction for the gratuity received from Indian Air Force u/s 10(10).
Now we received the Notice received for proposed adjustment u/s 143(1)(a) with the error description. "claim of deduction u/s 10(10) -death-cum-retirement gratuity received is more than the threshold limit"
Kindly advise what should we have to do in this case.
23 December 2019
30 lacs is threshold for government servants. Claim above this limit will be disallowed. Reply Reply to the notice if the amount is within limits.
26 December 2019
ok sir, But in my case gratuity received is only Rs 1.5 Lakhs. At the time of filing of IT Return what option I have to select for Nature of Employment. " Government or pensioner" Also let me please tell me the taxability of gratuity received during the period of employment.
26 December 2019
Sir, I selected as Government at the time of filing of IT Returns. But they issued notice for proposed addition for gratuity claimed u/s 10(10).
28 December 2019
How will reply. "Agree or Disagree" option is there. If I am disagreeing then I have to file the revised return. At the time of filing of original return, I had chosen as Government in case of Nature of Employment. I have serious doubt regarding what option I have to choose as the nature of employment. whether "Government" or "Pensioner"
CAclubindia
