Regarding itr 1 ( sahaj )
atul mane (accountant) (124 Points)
27 July 2016atul mane (accountant) (124 Points)
27 July 2016
Dinesh Mertiya
(PROFESSIONAL)
(761 Points)
Replied 27 July 2016
Are you received in form of pension ???
if yes,
I think,
then shall be included as salary
atul mane
(accountant)
(124 Points)
Replied 27 July 2016
yes sir it is a immediate annuity plan which give me 21,000/- rs per year till my death.
atul mane
(accountant)
(124 Points)
Replied 29 July 2016
does anyone knows the answer of my question? i am 32 year old salaried person plus i took on lic's immediate annuity policy which gives me rs-21,000/- per year so can i include it in salary column in which we all entered the salary amount
i.e my annual salary is 2 lakh + my yearly annuity is rs-21,000/- so can i add it like 2,21,000/- in salary column or otherwise.
babugr
(dgm)
(509 Points)
Replied 29 July 2016
Yes pension is to be treated as salary income and you correctly mentioned 2,21,000, you can very well add it.
Dinesh Mertiya
(PROFESSIONAL)
(761 Points)
Replied 29 July 2016
EMPLOYER EMPLOYEE RELATION IS NOT EXIST
PENSION IS TAXABLE UNDER THE HEAD " INCOME FROM OTHER SOURCE"
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)