Filing of income tax return

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Accountant
204 Points Posted on 23 July 2015

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

 

 

 

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On 23 July 2015 at 20:58 Report
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Tax Consultation (US and India)
2348 Points Posted on 23 July 2015

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]

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On 23 July 2015 at 21:40
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self
620 Points Posted on 23 July 2015
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
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On 23 July 2015 at 22:52
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Tax Technologist
2037 Points Posted on 24 July 2015

Please go ahead with ITR1.

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On 24 July 2015 at 00:00
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Student
60 Points Posted on 24 July 2015
U file itr-1 as u earned income under salary and interests
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On 24 July 2015 at 00:22
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Practicing in GST and MSME
1149 Points Posted on 24 July 2015
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.
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On 24 July 2015 at 07:52
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Accountant
28 Points Posted on 25 July 2015

Dear all,

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

Regards,

Krishna

 

 

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On 25 July 2015 at 15:50

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