09 May 2016
Please advise :- 1) My Income now is Bank Interest from "Saving A/c, FD, and other deposits" & Rent received for house property, - Which form should I fill-up ITR-1 or ITR 4S.
2) In filing ITR where the income from LIC received towards superannuation payments received monthly . If this is to be shown as salary then who will be employer ? LIC was never the employer in this case and instead a private sector company was employer in past and the Superannuation fund was deposited periodically by employer to LIC and after person has superannuated he gets regular monthly sum from LIC, which I was told is taxable as salary.
10 May 2016
Yes Pension comes under Salary but in some cases it will shown as Income from other source like family pension and Superannuation payment. due to no employee employer relation. think if in this case TDS will be deduct than how will you show it.
CAclubindia
