one of assesse got nearly 27 lakhs from death benefits of his wife like KGID,GIS,and private insurances
is in ITR ,of husband ,how to show such receipts ? any requirement of this in ITR?(credited to husband's bank account)
Most of the receipts are tax-free and are declare under schedule EI (exempt Income); but each receipts required to be assessed independently.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
