Dear Sir,
Hope you are doing well !!
Yes, it is tax-exempt u/s. 10(10D) of IT act, 1961.
You can declare the same under exempt income while filing ITR.
Hi, I am a retired employee of Central Government and i received the lumpsum GIS amount this year.Under which section should i declare this income while filing tax? is it under section 10(D)? If so i am not able to see that option when filing, what do you suggest to do?
Dear Sir,
Hope you are doing well !!
Yes, it is tax-exempt u/s. 10(10D) of IT act, 1961.
You can declare the same under exempt income while filing ITR.
Hello,
Yes, it is exempt u/s. 10(10D). You can show it under exempt income while filing your return.
I hope this answer satisfies your requirement.
Regards,
CA Hunny Badlani
Yes it's exempt under section 10(10D).
You need to show it under exempt income in your income tax return.
If you need any assistance in filing ITR feel free to contact.
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Thank you
Hello Sir,
Yes, it is covered under section 10(D).
It is exempt income and you should declare it under the head income from exempt income while filing ITR.