Which itr to be filled

ITR 1070 views 3 replies
User Avatar

Intern
28 Points Joined August 2012

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

0 Reply Share Follow
On 18 August 2012 at 19:47 Report
Replies (3)
User Avatar

C.A.
1030 Points Joined January 2009

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.

Reply
On 19 August 2012 at 12:01
User Avatar

Article Assisstant
183 Points Joined February 2010

File ITR - 2

showing both the income under other sources.

Reply
On 20 August 2012 at 11:02
User Avatar

Intern
28 Points Joined August 2012

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

 

 

 

Reply
On 20 August 2012 at 13:00


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading