income tax query
This query is : Resolved
12 June 2009
do a senior citizen whoes source of income is pension and interest need to fill and file ITR1 even if his total income is below 225000.
can he be free without filing ITR1 as his income is below the limit.
or do he need to file nill return.
Help
can he be free without filing ITR1 as his income is below the limit.
or do he need to file nill return.
Help
12 June 2009
No, the senior citizen whose income is below basic exemption limit need not file Return of Income.
However, if he has income from interest on deposit, the bank may pay interest after deducting tax. In such a case as the senior citizen is not required to pay any tax he will have to submit Return of income in order to claim refund of the TDS made.
However, if he has income from interest on deposit, the bank may pay interest after deducting tax. In such a case as the senior citizen is not required to pay any tax he will have to submit Return of income in order to claim refund of the TDS made.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
