Computation for a salaried employee
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 December 2013
A SALARIED EMPLOYEE EARNS INTEREST FROM LENDING LOANS.
1.SO, HERE THIS FINANCING ACTIVITY WILL BE CONSIDERED AS HIS INCOME FROM PGBP OR OTHER SOURCES?
2.WHICH ITR HE HAS TO FILE?
3.IS HE REQUIRED TO DEDUCT TDS ON HIS INTEREST INCOME?
4.IF YES, ANY EXEMPTION LIMIT IS THERE?
1.SO, HERE THIS FINANCING ACTIVITY WILL BE CONSIDERED AS HIS INCOME FROM PGBP OR OTHER SOURCES?
2.WHICH ITR HE HAS TO FILE?
3.IS HE REQUIRED TO DEDUCT TDS ON HIS INTEREST INCOME?
4.IF YES, ANY EXEMPTION LIMIT IS THERE?
28 December 2013
Hi
Int income can be included in income from other source. ITR 1 can be filed for the same.
If any TDS is deducted then same be claimed.
Thanks
Int income can be included in income from other source. ITR 1 can be filed for the same.
If any TDS is deducted then same be claimed.
Thanks
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 December 2013
THE LIMIT OF Rs.5000 FOR TDS IS FROM ALL PARTIES OR ANYONE IN THE PREVIOUS YEAR?
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