I t return filing by n r i for y e 31.03.12
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2012
My freind( lady) is a Non Residend Indian
She has Income from Interest on Bank F D/Securities and Rent from flat owned by her.All parties have deducted TDS.
She is receiving Dividend on shares held by her in varous Indian Publid Ltd.Co.
She has invested in P P F Rs.100000/-
My query is -
1.What is the Tax exemption limit
2.Whether Deduction U/S 80C is allowable for the P P F paid of Rs.100000/-
3.The Return is to be filed in which I T R form( I T R-1 or I T R-2)
4.Dividend recd.is exempted in her hand and whether this is also to be mentioned in the Return
Pl.guide
She has Income from Interest on Bank F D/Securities and Rent from flat owned by her.All parties have deducted TDS.
She is receiving Dividend on shares held by her in varous Indian Publid Ltd.Co.
She has invested in P P F Rs.100000/-
My query is -
1.What is the Tax exemption limit
2.Whether Deduction U/S 80C is allowable for the P P F paid of Rs.100000/-
3.The Return is to be filed in which I T R form( I T R-1 or I T R-2)
4.Dividend recd.is exempted in her hand and whether this is also to be mentioned in the Return
Pl.guide
Pankaj Gupta
(Expert)
29 September 2012
1. Exemption limit is Rs.180000.
2. Yes , deduction u/s 80C can be claimed.
3. Return should be filled in ITR-II.
4. Exempt income should also be shown in the return,as it is required by the department to disclose all the incomes.
2. Yes , deduction u/s 80C can be claimed.
3. Return should be filled in ITR-II.
4. Exempt income should also be shown in the return,as it is required by the department to disclose all the incomes.
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