Till the date I have not file the return. I wish to file a Income Tax Return from F.Y. 2014-15. I have a Fixed Deposit at Nationalised Bank of Rs 7 Lac, I received the interest on that of Rs 50,000. Due to my father death, my family members & me give my father home to my uncle & my uncle give me Rs 7 Lacs of that home.
Please suggest / advice that, how many tax I will be liable to pay for filling of IT return... OR... any other solution to save the tax...
CAclubindia
