Itr-1
This query is : Resolved
23 July 2014
TOTAL AMOUNT OF MY INCOME IS
FROM INTEREST:-203000
FROM FAMILY PENSION:-8660
WHERE SHOULD I SHOW THIS ON ITR-1
FROM INTEREST:-203000
FROM FAMILY PENSION:-8660
WHERE SHOULD I SHOW THIS ON ITR-1
23 July 2014
family pension u can get deduction lower of 1/3 of amount rec or 15000 and bal is taxable as income from other sources.
int if it is from savings account then u can get deduction upto 10,000 u/s 80TTA and bal is taxable.
int if it is from savings account then u can get deduction upto 10,000 u/s 80TTA and bal is taxable.
23 July 2014
interest section code is 194A:-Interest other than interest on securities .and what will be the section of income detail on itr-1
is it income from other sources?
is it income from other sources?
23 July 2014
then no deduction u/s 80 TTA is available for this int.
in itr-1 show it in income from other sources schedule.
in itr-1 show it in income from other sources schedule.
23 July 2014
AND WHAT ABOUT THE FAMILY PENSION INCOME.ITR-1 DOES NOT CONTAIN ANY FIELD FOR IT SEPARATELY.SHOULD I ADD UP THE TWO AMOUNTS AND SHOW IT IN INCOME FROM OTHER SOURCES OR ELSE.
23 July 2014
AND WHAT ABOUT THE FAMILY PENSION INCOME.ITR-1 DOES NOT CONTAIN ANY FIELD FOR IT SEPARATELY.SHOULD I ADD UP THE TWO AMOUNTS AND SHOW IT IN INCOME FROM OTHER SOURCES OR ELSE.
Nikhil Kaushik
(Expert)
26 July 2014
you need to add up both amounts under Income from other sources.
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