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Income tax return

AMRITA (STUDENT) (28 Points)

09 July 2014

I want to know if a retired person aged 62 years has monthly pension of Rs 1000 and bank interest income below taxable return which ITR he should file for AY 2014-15?

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9 Replies

CA Deepesh Ruhela (Keen to Learn) (3271 Points)
Replied 09 July 2014

Use ITR1 to file the return.

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 09 July 2014

itr-1 should be filed

(Guest)

ITR 1 for return

vishal (student) (22 Points)
Replied 09 July 2014

no need to file return as the total income below taxable limit

umesh chauhan (advocate) (47 Points)
Replied 09 July 2014

Itr1 for refund claimed

ch durgaprasad (Assistant officer in ultratech cement ltd) (105 Points)
Replied 09 July 2014

If any TDs is there on his bank interest or pension he will have to file a return to get back the TDs otherwise no need to file return his income is below taxable income

Kannan Murali (ARTICLE ASSISTANT) (52 Points)
Replied 09 July 2014

Net income less than 2,50,000 (age 60 or above) not required to fill Income Tax Return, if there is no TDS, but Tax deducted by the bank for interest, then you will get the amount as refund only by the way of ITR filing.