Hello Professinal Friends
I have following 2 incomes for FY 2016-2017
1) of Rs3000 incoming INTEREST from Saving Bank ac
2) FD interest income of Rs15000
3) Age52yrs NO job / No Business
under What heading and section I should SHOW above income while online filing?
Please clarify
Adv Thanks
reg
Balaji Subbu
Dear Balaji,
As per data provided by you, you are falling below the taxable limit. However I assume that you are filing the returns and replying. The Savings bank interest and FD interest both are to be shown under Other Income in Form ITR-1 (Sahaj). But you can claim the amount of SB interest of Rs 3000 as deduction under Sec 80TTA . So Gross Total Income should be 18000, Chapter VI A - 3000 Total Income 15000 Tax - 0 , Refund (if any, should be the TDS deducted on FD)
Hope this helps you,
CAclubindia
