Hello,
I hv taken early retirement (56 yrs) last year & need your help to ascertain how to compute my income for this year.
I hv no pension.
My children transfer funds to my acct for my exps. They also remit funds to me to repay their education loan which i do.
I hv kept my retirement funds including PF in FD. I hv given form 15 to bank for this year.
How do i compute my income for tax calculations ? Do i consider all credit entries in my acct as my income ?
Pl advice
Tks n rgds
Uday
CAclubindia
