Nil income tax return
This query is : Resolved
01 August 2014
My mom received a Salary 1,80,000 (in cash) during the FY 13-14 from employer.
Employer has not deducted any TDS from her salary. Employer issued salary certificate only .
My mom has invested some amount in share market in March 2014. (ie. near about 20,000/-)
I want to file income tax return online please guide me following.
Which form to be used ?
Where I have to show share market amount and its nominal profit (ie. near about Rs. 500/-) ?
She have received nominal interest from saving account ?
I want to file nil return.
Please guide me.
Employer has not deducted any TDS from her salary. Employer issued salary certificate only .
My mom has invested some amount in share market in March 2014. (ie. near about 20,000/-)
I want to file income tax return online please guide me following.
Which form to be used ?
Where I have to show share market amount and its nominal profit (ie. near about Rs. 500/-) ?
She have received nominal interest from saving account ?
I want to file nil return.
Please guide me.
01 August 2014
Since your mother's salary is not more than the taxable slab no TDS was required to be made by the employer. You can file ITR-1 (Sahaj) showing salary income and share market and interest on savings bank account under the head income from other sources.
Savings bank interest is exempt upto Rs. 10,000/- u/s 80TTA.
Savings bank interest is exempt upto Rs. 10,000/- u/s 80TTA.
Message likes :
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01 August 2014
Thanks Dear Mr. Abhishek, Can i file ITR for FY 2012 - 13 & FY 2013 - 2014 by today. (ie. after 31.07.2014)
Nikhil Kaushik
(Expert)
02 August 2014
beg to disagree. if you want to file the return, then kindly use ITR2. ITR1 is not for share market income - be it capital gains or business income
Nikhil Kaushik
(Expert)
02 August 2014
Ravi,
you can file for FY 2012-13 upto 31 March 2015.
you can file for FY 2012-13 upto 31 March 2015.
Message likes :
1 times
Nikhil Kaushik
(Expert)
03 August 2014
you are welcome Ravi...best of luck
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