Itr-1 other income query

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

21 July 2017 I work in small pvt sch & get 1 lakh in a year which I get through bank transfer as salary. I am not having any income statement or epf or any other deductions. My mother is a pensioners in bank account and income is low (non taxable) & so does not file return (she does not have pan even). She also contributes in family expenses, money is transferred in my account, which I withdraw if needed or it remains deposited & earns interest. It is very low though, say 1 lakh in a year & interest in s/b on accumulated amount (over 4-5 years) is 15k in current year. I have separate FDs (accumulated over several years) is 50k & tds (since I did not deposit 15G/H in time) is 5k. All my & my mother income, even combined including interests, is less (almost exempt). I have to file itr-1 to get the bank tds refunded. Please help me on following: 1. Will I show 1 lakh in salary income. In this case, can I leave 80c empty even though it may be a little amount. 2. Will I show other source income as 1 lakh (received in my a/c from my mother's pension a/c) + 15k (s/b intt) + 50k (fd intt) & show 10k in 80tta. 3. This makes the correct refund amount, but is it correct technically.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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22 July 2017 1. Yes you can show same in salary. Also leave 80 C blank. 2.Yes same to be show in other sources. 3. Yes it is correct.....

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Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2017 Thanks.
But, what about 80tta.
(1) Can I show 10k in 80tta out of 15k of other income on account of s/b intt.
(2) Is it ok to show 1 lakh received from mother ad other income or it should go in exempt income.
(3) In case, it goes in exempt income, can I fill itr-1 for 1 lakh exempt income or I need to fill itr-2.
Please reply. This would probably complete my query. I will not disturb further.

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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22 July 2017 Yes deduction of 10000 in respect of sb int will be available u/s 80TTA