Dear Sirs, I am a senior citizen, retired long back. Not receiving pension. My income consists of through Tution, Geetha classes and miscellaneous help to others. Overall the income per month through this will be Rs.10000 to Rs.15000. Living in my own house. Self occupied. No rental income..
Income through other sources are: Dividend from Mutual Fund, Bank Interest and LIC annuity. After 80C rebate the taxable income is Rs. 180,000. Can I file in ITR 1 ?
Thank you.
vsrajaraja
Thank you Sir. The income before 80C deduction is more than 3 lakhs ( invested in SCSS of Post office Rs.1,50,000) and there is TDS of Rs.5000 while dividends are paid. I have to file ITR. In that case can I file in ITR 1?
vsrajaraja
Mr mukherjee ji, sorry for further botheration. You may know from the data furnished, I have house property (self occupied) and there is TDS of Rs.5000/. Though the income returned is below the Taxable limit, to get the TDS refunded to me,I must file ITR (I believe in ITR 1). This aspect you may analyse and confirm.
Thank you
vsrajaraja.
Thank you CA Abhilash Krishnan P for your guidance.
God bless you all Sir.
vsrajaraja.
NEED TO FILE AS U HAVE TDS AS MENTIONED BY YOU. ITR-1 IS OK FOR FOR U.
REGARDS
Mr.Alok Goel. Thank you Sir, for your reply
vsrajaraja
Yes you can file ITR 1
Thank you Madam Sanjana Mohanty for your reply
Regards
CAclubindia
