Type of return to be filed

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2013 If an individual having income from salary and income from fixed deposit above 15,000 (where TDS has been deducted by the respective bank).Which ITR to be filed for the AY 13-14.

Can any one please suggest me on this.

Thanks in advance

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

24 July 2013 ITR 1 is the appropriate ITR for you.

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2013 Thanks sir. It is given, if the exempted income is above 5,000 ITR 2 need to be filed, will the interest income from fixed deposit (as mentioned in the above query)comes under exempted income or not?

Upgrade to CAclubindia Pro. Subscribe Now!

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

24 July 2013 No Interest from Fixed Deposit is not exempted income at all. TDS is also being deducted from you by the respective banks.

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2013 Thank you sir. I have one more doubt, to which states is portugese civil code under section 5A is applicable?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

24 July 2013 State of Goa and in the Union territories of Dadra and Nagar Haveli and Daman and Diu.

See below link for details--

http://advocatemmmohan.wordpress.com/2012/02/07/new-concept-of-joint-property-not-know-to-other-parts-of-india-except-goaportuguese-civil-code-1-where-the-husband-and-wife-are-governed-by-the-system-of-community-of-property-known-under-th/

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2013 thank you so much sir.