Itr-1

This query is : Resolved 

(Querist)
23 July 2014 TOTAL AMOUNT OF MY INCOME IS
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.

Rob (Querist)
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?

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.

Rob (Querist)
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.

Rob (Querist)
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.

26 July 2014 you need to add up both amounts under Income from other sources.


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