29 March 2015
R/SIR, ONE OF MY RELATIVE RECEIVED INCOME TAX NOTICE FOR NON FILLING OF ITR & MENTIONING DETAIL OF TDS ON INT. OF FDR'S & SECURITIES . THAT PERSON IS A FARMER , HE HAS NOT ANY INCOME OTHER THAN FARMING. HE HAS A FDR OF RS. 10 LAKHS OR MORE , TOTAL INT. ON FDR IN PY WAS 125000 & TDS ON THAT IS ABOUT 12500. I WANT TO KNOW WHICH ITR FORM HE SHOULD USE FOR FILLING ITR, HE HAS ONLY AGRICULTURE INCOME. ACCORDING TO MY KNOWLEDGE AGRICULTURE INCOME IS EXEMPT FROM INCOME TAX. PLEASE SIR GUIDE ME WHAT I SHOULD SHOW IN ITR & WHICH ITR FORM I SHOULD USE. THANKS
29 March 2015
Use ITR 2, agricultural income is exempted but considered for rate purposes. File the return you will be able to get back the TDS amount of 12500.
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