Itr

Akarsh Goyal (Student-CA Final) (1357 Points)

29 September 2015

I WANT TO FILE A RETURN FOR THE A/Y 13-14...HAVING PENSION AND INTEREST INCOME?? CAN ANYONE PLEASE GUIDE ME?

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Anup A Deshpande (Freelancer) (77 Points)
Replied 13 October 2015

What exactly do you want to know ?

Fill up ITR 1.

Pension, if assessee's own, will come under salary. If it is in the nature of family pension, then it will come under the head Other Sources.

In respect of family pension, deduction u/s 57(iia) of Rs.15,000 or 1/3rd of the amount received, whichever is less, is available.

Interest will come under Other Sources.

Interest on Saving Account will get deduction u/s 80TTA to the extent of Rs 10,000

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