I t return filing by n r i for y e 31.03.12

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 September 2012 My freind( lady) is a Non Residend Indian
She has Income from Interest on Bank F D/Securities and Rent from flat owned by her.All parties have deducted TDS.
She is receiving Dividend on shares held by her in varous Indian Publid Ltd.Co.
She has invested in P P F Rs.100000/-
My query is -
1.What is the Tax exemption limit
2.Whether Deduction U/S 80C is allowable for the P P F paid of Rs.100000/-
3.The Return is to be filed in which I T R form( I T R-1 or I T R-2)
4.Dividend recd.is exempted in her hand and whether this is also to be mentioned in the Return
Pl.guide

Pankaj Gupta

Pankaj Gupta (Expert)
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29 September 2012 1. Exemption limit is Rs.180000.
2. Yes , deduction u/s 80C can be claimed.
3. Return should be filled in ITR-II.
4. Exempt income should also be shown in the return,as it is required by the department to disclose all the incomes.