Which ITR form to use 4 housewife having Bank interest incom

ITR 24573 views 10 replies

Seth

148 Points Joined March 2010

Hello,

Which ITR form should be used for filing returns for a housewife who has income ONLY from interest of Bank Savings and Fixed deposit account???

Please let me know,.

Thanks,

Replies (10)

SSG

1936 Points Joined March 2007

For filing income tax return for A.Y. 2010-11, you should use Saral II form.

Seth

148 Points Joined March 2010

Hi, Thanks for the prompt response,

But isn't that form for salaried employees only??

Aditya Maheshwari

CA in Practice

35867 Points Joined June 2009

SARAL - II (ITR - 1) can be used. It can used if u have salary income or income from house property (however u should not have more than one house) and if u have interest income.

CA Amit Kumar Shrivastava

CHARTERED ACCOUNTANT

104 Points Joined September 2007

I am agree with aaditya. Saral-2 (ITR-1) can be filled by the persn having income from Salary, House Property & interest from Bank

Kalpesh Chauhan,

Tax Assistant (Accounting Technician CA

8311 Points Joined April 2008

Kalpesh Chauhan

PE-II - 1st grp- 2 papers remaining [edit]
[edit photo]
[ Scorecard : 2051]

Posted On 05 July 2010 at 15:07

Report Abuse / Feedback

Return of income to be filed by different assesses in different forms of return of income

New ITR Forms

Subject

ITR- 1 [ i.e Saral II]

For individuals having income from salary , one house property ( excluding loss brought forward from previous years) and income from other sources (not being winnings from lottery income from other sources )

ITR- 2

For individuals and HUFs not being business/professional income.

ITR- 3

For individual/HUFs being partners in firms and not carrying out business or profession under any proprietorship

ITR- 4

For individual/HUFs having income

from proprietary business or profession

ITR- 5

For firms, AOPs, BOIs

ITR- 6

For companies other than companies claiming exemption under section 11

ITR- V

Where the data of the return of the income/ Fringe benefits in forms ITR-1, ITR-2, ITR-3, ITR-4, ITR-5 and ITR-6 transmitted electronically without digital signature.

var addthis_config = { services_compact: 'orkut,facebook,twitter,linkedin,yahoomail,gmail,hotmail,google,googlebuzz,more' }

google_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad);

R.S.G.

student C.A. final b.com m.com

41 Points Joined August 2008

saral-II(ITR-1) will be applicable for income from other sources.

RSG

Sunder

Manager

96 Points Joined December 2009

Originally posted by : R.S.G.
	saral-II(ITR-1) will be applicable for income from other sources. RSG

Unders similar circumstances (No job for Housewive, had interest income and one AIR), I filed ITR2 instead of ITR1. How big a problem is this? Do I need to file Amended return?

Thank You

Sunder

Krishnamurthy

Founder

54 Points Joined September 2011

Hi,

My wife is a housewife with only interest income of Rs 3,37, 000. She has TDS of Rs 27000 for the AY 2011-12 also an investment of Rs 1,00,000 to fully use the exemption under 80C. My questions are:

1. What will be the tax for AY 2011-12. ? Should the returns be filed with ITR-1 or ITR-4 ?

2. She has not filed the Returns yet and planning to file it by 30th Sept 2011. Is it ok considering that there will be refund claims ?

Regards, Krishnamurthy