a)In ITR-4 in section 80TTA - exemption is showing zero even after filling the amount
b) In ITR-1 My wife took Leave encashment (TDS was deducted). This income should be shown in exempt income or not?
SHIRISH S S (Proprietor) (1030 Points)
19 June 2018
a)In ITR-4 in section 80TTA - exemption is showing zero even after filling the amount
b) In ITR-1 My wife took Leave encashment (TDS was deducted). This income should be shown in exempt income or not?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170613 Points)
Replied 19 June 2018
1. May be income from other sources not filled.....
2. The amount of earned leave you encash will be taxable as salary income in your hands. The encashment of earned leave at the time of retirement is exempt from tax, subject to certain conditions.
SHIRISH S S
(Proprietor)
(1030 Points)
Replied 22 June 2018
Thanks Rambhia ji. You were spot on.
What about Profession tax of rs 2500. Is it deemed to be included in 50 percent expnses along with depriciation for ADA filers.??
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
