17 March 2015
my mother is 75 years old. she is getting pension for self and family pension. total income including interest on FD is exceeding 3 lacs. can she give form 15 h to save tax on FD. this year she got some long term capital gains. she wants to pay tax on this. we are trying to file it 2 in this case. will you please tell me how and where to reflect these figures. she is not getting form 16 a from bank. as per form 26 tax is shown nil. all the FD are on joint account. first account holder is my mother. second other family member. the income generated from these FD will be added in whose income.pl help me.
17 March 2015
Hello Mr. Dheeraj If the total income including interest on FD is exceeding 3Lacs, she must file return U/s139(1) of Income Tax Act 1961. In ITR 2 you can show interest on FD in the head income from other sources under Bank interest income. However you file your ITR on our website www.wealth4india.com by yourself in easy way without any complication
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