Disclosure of family pension in income tax return
This query is : Resolved
Jaswinder singh
(Querist)
23 July 2016
Sir/Madam,
In which ITR form i use to disclose the family pension under the head other sources of assessment year 2016-17?...
In which ITR form i use to disclose the family pension under the head other sources of assessment year 2016-17?...
CA SUNIL K GARG
(Expert)
23 July 2016
ITR -1 should be filed if total income of an individual includes:-
Income from Salary/ Pension; or
Income from One House Property (excluding cases where loss is brought forward from previous years); or
Income from Other Sources (excluding Winning from Lottery and Income from Race Horses) (which includes family pension)
Income from Salary/ Pension; or
Income from One House Property (excluding cases where loss is brought forward from previous years); or
Income from Other Sources (excluding Winning from Lottery and Income from Race Horses) (which includes family pension)
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Jaswinder singh
(Querist)
23 July 2016
Ok thanku sir
but Is deduction u/s 57 of rs 15000/- from family pension is not mandatory to shown separately??
or only net pension i will shown under other sources in itr 1 ??
but Is deduction u/s 57 of rs 15000/- from family pension is not mandatory to shown separately??
or only net pension i will shown under other sources in itr 1 ??
KAVIRAJA ADDANGADI
(Expert)
25 July 2016
Family pension to be disclosed in Income from other sources, itr1 can be filed.
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25 July 2016
Net amount {ie., after deduction u/ 57(iia)} to be shown in columns B 3, B4 and C20 of ITR-1.
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Jaswinder singh
(Querist)
25 July 2016
THANKU YOU ALL OF U....
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