Which itr form to be used

ITR 346 views 1 replies

Vikas Kumar

Student MBA

35 Points Joined May 2014

Hi,

My mother is having income from Shares and Interest on FD in 2013-2014. Though collectively it is under 0% taxes but Bank has deducted TDS on Interest on FD.

Let me know which ITR form to be used to file the return in order to claim the refund and under which head what income to be filled in that form.

Thanks,

Vikas

Replies (1)

karan jit singh

Consultant

1299 Points Joined November 2010

Dear Sir

Assuming that your mother is deriving income as dividend from shares as investment. ITR 1 is to be filed if the exempted income does not exceed Rs 5,000

If exempt income exceed Rs 5000/- the ITR2 is to be filed.

Thanks n Regards

Karanjit Singh