banner_ad

Filing of income tax return

ITR 553 views 6 replies

Dear All ,

Can anyone guide me on which file should I file my Income Tax return, when :-

1) I have only Salary Income.

2) Interest on Fixed deposit from Bank / Post Office.

I have some investment in MF also but it is not sold in 2014-15 but invested 3 years back should it to be shown , and profit on this should I show on accrual basis?

Waiting for a earliest feed back.

Jayanta

 

 

 

Replies (6)

ITR-1 maybe used. There is no capital gain either. Income from mutual funds is an exempt income u/s 10(23D) , disclose this in schedule EI [Exempt income]

Accrual basis is not possible for MF Invt. U should incl income of savings bank int and claim under 80tta. Ppf int can be shown under EI income

Please go ahead with ITR1.

U file itr-1 as u earned income under salary and interests
You should file itr 1...show salary income under salary head, interest on fd and saving a/c under income from other sources. Claim deduction u/s 80tta for saving bank interest only. Income earned from MF is exempt u/s 10(23D), show this under exempt income. Accrual basis can not be applied in this case.

Dear all,

What is self assessment tax and why we are paying this tax Kindly teach me

Regards,

Krishna

 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details