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Exempt under section 10

Vaishnavi Ganesh (Chartered Accountant) (861 Points)

22 February 2019

Dear all, Certain allowance from employment which are exempt under section 10 has been reported under schedule S of ITR. However could anyone please let me know should the same be reported under Schedule EI as well. Thank you

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (170114 Points)
Replied 22 February 2019

Not necessarily. Both exemptions are different in nature. Any unclaimed exempted income u/h. salary should be declared under "Schedule EI'.

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Vaishnavi Ganesh (Chartered Accountant) (861 Points)
Replied 22 February 2019

What would be the action to be taken where there is an mismatch notice received from the department, the difference is the amount exempted. Though the same has been reported under schedule S