A retired doctor, aged 65, receives income solely from a state government pension and interest from fixed deposits and savings accounts. Despite the IT call centre suggesting ITR 2, the user questions if ITR 1 is more appropriate given the limited income sources and total income below Rs. 50 lakhs. The user seeks expert advice on the correct ITR form to use for the AY 2020-21 filing.
27 July 2020
My wife is a retired doctor(65 years). She is not engaged in private practice and at present she is not attached to any hospital. She has only two sources of income -- Income from monthly pension (State Government), and Income from other sources ( Fixed Deposit interest and SB interest). She has only one self occupied property. She doesn't have any agricultural income. Her total income from two sources is far below Rs.50 lakhs. When I contacted IT call center for knowing which ITR form should she fill up for AY 2020-21, the lady at the call center said ITR 2. But ITR 2 has many irrelevant pages and very lengthy. My question is -- With the incomes she has, is she not eligible to submit return on ITR 1. If not, why? I asked the same question to the lady. But, she couldn't answer. Will some expert / experts express opinion and advice. A lot of thanks in advance.