Filling itr2 including interest income of minor child

Hi,

I am filing my ITR form 2 in the java utility and here is my question with respect to filing the ITR2 form with interest income of my minor child.

My SB interest - Rs. A < 2500

My FD interest - Rs. B < 1500

My Son's SB interest - Rs. C < 200

My Son's FD interest - Rs. D. < 3200

My Questions:

1) What amount should be filled in Schedule OS 1b (Interest Gross)?

2) What amount should be filled in Schedule VI A .p (80TTA)?

3) What amount should be filled in Schedule SPI (Income of Specified Person) against my son's name? Should it be a) Rs.D or b) Rs. D+ Rs. C or c) Rs. D+ Rs. C - Rs.1500

Basic reason for asking above questions is:

1) No matter what amount I fill for Q3, the tax amount is not getting changed.

2) Where should I mention  the Rs. 1500 deduction (or exemption)  allowed for income of minor child.

 

Thanks.

Replies (3)
1. intt. will be total of A + B + C + D..... 2. under 80tta - A+C..... 3. minor son is not a specified person, so you dont need to fill that schedule. deduction of 1500 can be directly reduced from total of son's intt and only net will be shown.
Originally posted by : Tribhuvan Aditya Singh
deduction of 1500 can be directly reduced from total of son's intt and only net will be shown.

Hi Tribhuvan. Thank for the the reply.

 

1) From above, I understand that Ans for 1 should be A+B+C+D-1500, else tax will be calculated for Rs 1500 also.

 

2) The Java utility for ITR  states that "Income of specified persons (spouse, minor child etc) includable in income of the assessee (income of minor child, in excess of Rs. 1500 per child to be included.

okkk... that is my mistake then, i am sorry for that... if java utility says so then you show follow that only.

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