Kindly advise me on the following:
I am just retired in June'14 (60 yrs) and will have pension+bank FD interest. please clarify pension to be treated as income from other sources or salaries,
also which form need to be used for ITR
thanks
babu
Menu
Income from pension and fd interest
Replies (12)
It will be treated as Salary. Use ITR- 1.
You may use ITR-1 to file your returns.
Fd interest other sources,pension under salary.You can use ITR-1.
Itr 1. Also check to claim tds on fd if deducted.
Use itr 1 and treat pension as salary and fd as income from other sources
I want to pay demand amount for a.y 2011-12.. so I want to know that demand amount comes under which of the following heads:
Income tax
interest
penalty
others
ITR 1 salary and other income.
Pension from employer treated as salary income and fd interest is charge in other sources.
Use ITR1
You can file online by using Itr-1
RETURN ITR1
You have to use ITR-2 Because you have earned Pension ( Salary ) & Interest.
you have to use ITR-2 ..........Because you have derived income by way of Salary & Other Sources.
Recent Threads
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responcible to pay GST Liability (If Servi
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
Related Threads
CAclubindia
