Income from other sources

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NChary (Querist)
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12 May 2015 i have received 50000 interest on FD and the bank had deducted TDS at 10% ie 5000 rs.i have forgot to submit the form 15g during the financial year.

now i want to file the tax return to get back my tds amount which was deducted.

which form i have to use that is ITR 1 OR ITR 2.

and i get income from home tuitions and embroidery work at home so i want to show that income also..under which head of income...which sheet and which column i have to show.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 May 2015 u need to file itr 4 as you doing business and claim tds in it.

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NChary

NChary (Querist)
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12 May 2015 Sir,

Actually, this is my aunt's income.
She got int on FD and home tuition fees and embroidery work charges at home only.

shall i use the form itr 2 or itr 4

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 May 2015 tuition fees or embroydary work shall be construed as business income as per income tax act so i suggested itr4

NChary

NChary (Querist)
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12 May 2015 Sir,

I have opened the ITR 4 ---SCHEDULE BP--COLUMN NO : 24 :
Any other income not included in profit and loss account/any other expense not allowable (including income from salaary, commission, bonus and interest from firms in which an individual/ HUF/ Prop. concern is a partner)

Can i show in this column
From tuition fees and tailoring charges

Thanks in advance

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 May 2015 if tailoring is main business then show it there and other income under head income from other sources.

NChary

NChary (Querist)
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12 May 2015 Sir,

sorry for the questions.

it is not a big business just like a part time work from home ie tuitions and embroidery work.

Can i use itr 2 instead of itr 4--> Schedule OS --1 (B) Interest Gross Amount 1 (d) ROW No(2) saying income from home tuitions and embroidery work charges

Thanks

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 May 2015 if tailoring is main business then show it there and other income under head income from other sources.

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