My mother has the following incomes:
1. Family pension
2. Interest Income from bank deposits
3. Interest Income from company fixed deposits
4. Interest income from 54EC bonds
No other sources of income.
Is she eligible to file using ITR-1? I am asking this question because the IT website says ITR-1 can be used if you have interest income from bank and post office. It does not talk about interest from bonds and company deposits.
Kindly advise. Thanks
Lakshminarayanan
As per IT rules,
ITR -1 Form is a simplified one-page form for individuals having income up to Rs 50 lakh from the following sources :
Income from other sources include Family Pension, interest on fixed deposits / other deposits, interest on securities.
Do I understand that "other deposits" would cover bonds and company deposits?
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