Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Gratuity

Trainee (Accounts Executive) (325 Points)

03 September 2014

I have recieved gratuity around 7.5 lacs so I have shown this in income exempt u/s 10 in salary head but not in exempt income schedule. Is it correct? ? I have filed itr on second of september..

Reply
Follow
Share

1 Replies

Ajay (CA Job) (512 Points)
Replied 03 September 2014

Dear Sir

Assuming you have computed the correct execpt Gratuity amount and has shown the same under Salary schedule, it will be okay even though you did not again mention the same under Exempt Income Schedule. I think it is sufficient disclosure. To be precise, yes, you have to show it at both the places.

Regards

Ajay