• CGEGIS (Central Government Group Insurance Scheme) under which section

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?
Asked 5 years ago in Income Tax

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.

 

Payal Chhajed
CA, Mumbai
5188 Answers
289 Consultations

5.0 on 5.0

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

Hunny Badlani
CA, Madhya Pradesh
2608 Answers
16 Consultations

5.0 on 5.0

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.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

 

Naman Maloo
CA, Jaipur
4272 Answers
97 Consultations

5.0 on 5.0

Sorry but i dont have any idea about it

Vishrut Rajesh Shah
CA, Ahmedabad
928 Answers
39 Consultations

5.0 on 5.0

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.

 

 

Karishma Chhajer
CA, Jodhpur
2450 Answers
29 Consultations

5.0 on 5.0

Hi

 

Yes,Its exempt under 10(10D).

Declare it while filling Income tax return ,under Exempted Income head.

 

 

Hope it helps

Swati Agrawal
CA, Mumbai
1146 Answers
7 Consultations

5.0 on 5.0

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