Which itr to be filled

1112 views 3 replies

Sir,

My father has recently retired and gets no pension but gets monthly annuity from LIC from his superannuation.  In addition he works as a consultant on a part time basis and is paid Consultancy Fees with no TDS deducted at source.

Kindly advise me which ITR form to be filled up.

Can I fill a ITR1 Form. Would the annuity payment received be filled against "Salary/Pension" and the Consultancy Fees be shown against "Other Source of Income" alongwith the interest income received from his investment.

Thanks

Sunil

Replies (3)

To consider income under the heads salary , there are some points to consider:

 

Whether you have Form 16 from LIC towards superannuation received.

If yes, then file salary income from LIC and consultancy income can be treated as business / other sources depedning on your father's activity

 

So either you fill Form ITR 1 / ITR 4.

Just check up.

File ITR - 2

showing both the income under other sources.

Dear Mr Shyam Sundar.

Thank you for your reply. As he does not have a rental income, should I not file ITR - as all income would be against " income from other sources"

Kindly reply.

Regards

Sunil

 

 

 

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