Which itr form to be filed & how to show income??
This query is : Resolved
25 July 2013
Dear Sir,
My question is that in form 16 is showing the amount of tds is Rs.65000,however in form 26AS showing Rs. 65000 plus interest income from P.N.B Rs.230000 on which tds is deducted rs 23000. Person is salaried person only.
Can ou please tell me which ITR form to be filed & if there any exemption on TDS deducted on interest ,then how to show in ITR ,& also whether interest also to be shown in ITR or not??
My question is that in form 16 is showing the amount of tds is Rs.65000,however in form 26AS showing Rs. 65000 plus interest income from P.N.B Rs.230000 on which tds is deducted rs 23000. Person is salaried person only.
Can ou please tell me which ITR form to be filed & if there any exemption on TDS deducted on interest ,then how to show in ITR ,& also whether interest also to be shown in ITR or not??
25 July 2013
yes, u need to show income from int fro bank under the head income from other sources.
u should file itr-1.
if uhave any income exempted u/s 10 like HRA etc which is more then rs.5,000 then u need to file ITR-2 and disclose both the income.
u should file itr-1.
if uhave any income exempted u/s 10 like HRA etc which is more then rs.5,000 then u need to file ITR-2 and disclose both the income.
25 July 2013
File ITR-1, in case of interest income you can deduction of u/s80TTA to the extend of rs 10000 if it is interest from saving account.
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