Pension income

ITR 573 views 5 replies

a client receives pension from govt dept (his husband worked there & after his death she is receiving pension). where to show this pension (salary or other sources). which itr should b filled? itr 1 or itr 2 ? there is also fd income on which tds is deducted.

 

Replies (5)

ITR 1 sholud be filed

& it is shown under income from other sources coz it is receving by a legal heir 

As the pension received by legal heir is treated as family pension therefore it is taxable under the head other sources and not salary further FD intt. is also taxable under the head other sources only and ITR-1 should be filed

Pension and FD intt both be shown as other income. You can use ITR 1. Futher check section 57 i think some exemption out of family pension is available
Pension income shown in other source income nd file itr-1...


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