My sister was BSNL Employee retired in Feb- 2018 has paid one time contribution of Rs.78000/- to became member of Central Govt Health insurance Scheme in Financial year 20-21 .BSNL has refund this amount Rs 78000/- in Financial year 21-22 said amount reflected in Tax Payer information Sheet under head salary
My question is Refund of one time contribution made to became member of CGHS is Considered as income ?
7 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 03 July 2022
No, just give feedback that amount is not in nature of income.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 03 July 2022
Same is refund of deposit not income. So no need to show anywhere
Mahesh Shah
(2308 Points)
Replied 03 July 2022
True madam ....it is not income....it is refund ...so not to show in itr anywhere
Dilip Gandhi
(113 Points)
Replied 03 July 2022
But said refund amount has been shown in Taxpayer Inormation sheet as a income under head salary if we reduce this amount than Dept may send notice for paying tax along with internet & fine
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 03 July 2022
Just submit feedback in AIS that not in nature of income.
Prabhakarrao Duragkar
(2 Points)
Replied 11 July 2023
Even after I make a feedback Income not taxable and file ITR, the income tax department may raise the query and start penal treatment on me, how the same can be avoided. Kindly guide me.
Recent Topics
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
Related Threads
CAclubindia
