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.
CAclubindia
