Where exactly to enter the exempt gratuity amount in itr2 for ay16-17
Arvind (Individual) (50 Points)
09 July 2016Arvind (Individual) (50 Points)
09 July 2016
Dinesh Mertiya
(PROFESSIONAL)
(761 Points)
Replied 09 July 2016
in case of govt. employee, any death cum retirememt gratuity is exempt under section 10(10)
since gratuity is exempt income, you should file ITR-1
Dinesh Mertiya
(PROFESSIONAL)
(761 Points)
Replied 09 July 2016
you can show in D-20 line of ITR -1, above verifcation part
D20-Exempt Income only for Reporting Purpose (If agricultural income is more than Rs. 5000/- use ITR-2 or 2A)
Arvind
(Individual)
(50 Points)
Replied 11 July 2016
Thank you Dinesh. I was not in government employment (i was in private sector) and also i have capital gains from stock sale. So i have to file ITR-2. It would be great if you can advise under which appropriate schedule and head should I mention the exempt amount of gratuity in ITR-2?
Dinesh Mertiya
(PROFESSIONAL)
(761 Points)
Replied 11 July 2016
you have capital gain ......so ITR-2 ......ok
In ITR -2 Schedule EI : Details of Exempt Income (Income not to be included in Total Income)
Line :5 Others, including exempt income of minor child , you can mention exempt income