Correct ITR for AY 2023-24

Is it ITR-2 that should be used by a resident Indian senior citizen to file return for AY 2023-24 having income from the following sources in FY 2022-23 and nothing else?

1.Govt pension

2. Interest from bank FDs and savings accounts and

3. Non taxable LTCG from redemption of units of ELSS, because gain is much less than Rs. 1 lakh.

 

Replies (4)
Quick Summary
This discussion clarifies that ITR-2 is the correct form for a resident Indian senior citizen filing their return for AY 2023-24, provided their income sources are limited to government pension, bank interest, and non-taxable LTCG from ELSS. It also addresses a common query regarding discrepancies between the Statement of Financial Transactions (SFT) data in the AIS and the bank's interest certificate, advising to rely on the bank certificate for accuracy.

Yes,ITR 2 can be filed

Thank you for immediate response.

I would ask another question, if you don't mind.

If there is mismatch between SFT information under AIS of e-filing site regarding amount of savings bank interest and that obtained from bank's interest certificate, would it be wise to stick to the former though it is slightly more than the later?

In that case tax will be marginally more.

In that case, you need to go with actual interest as stated in banks certificate.
The AIS is under development.The information contained in AIS in some cases vary with actual data.
You have an option to reject the information in AIS by giving feedback if you want.
Itr
on the basis of source of income .
on the basis of nature of assesse.

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