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Ex gratia ..Any idea to exempt from IT


I am going to get VR from BSNL very soon. Ex gratia going to be paid in 2 instalments..one in current FY and another one in next FY..I came to understand that only RS 5 lac is exempted from IT..Is there any exemption if the amount paid is utilised to buy a house..Or any other investment ( other than 80c..Bec under 80c already I am having 1.5 L) will help to exempt from IT !???

By: NADARAJAN M



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28 Apr

☑ Monthly | GSTR-11

GSTR-11 for the m/o Mar 2024 (Statement of inward supplies by persons having Unique Identification Number (UIN)).

30 Apr

☑ Annual | GSTR-4

GSTR-4 (Annual Return) for FY 2023-24 by Composite Taxpayer (Rule 62).

☑ Quarterly | QRMP

Last date for opt-in / opt-out QRMP Scheme for quarter Apr - June 2024 (Rule 61A)