Arul Thangam (MBA) (31 Points)
20 October 2021I am a student. Got my new PAN card last year. Newly opened one demat account. My father transferred some amount to my demat account. I bought IRFC stocks. I got dividend amount (deducting TDS) credited into my bank account. For FY 2020-21,
1) which ITR I should file?
2) Will i got refund of that deducted TDS after ITR filing
Thanks & Regards
Jenefa
Kev Men
(788 Points)
Replied 20 October 2021
Arul Thangam
(MBA)
(31 Points)
Replied 20 October 2021
Sir i am not salaried and no income. I am first year BDS student. Can i use itr1?
Kev Men
(788 Points)
Replied 20 October 2021
Arul Thangam
(MBA)
(31 Points)
Replied 20 October 2021
ok sir
one more doubt. my father transferred 2 lakhs to me which i transferred to my demat account and purchased IRFC stock. Should i mention that 2 Lakh (my father's fund) in my ITR 1 filing?
Sincerely
Jenefa
Sivaramaraju G
(Learner)
(2398 Points)
Replied 21 October 2021
1.You can go with ITR 1 or ITR 2.
2. you no need to show any of your assets in ITR 1 or ITR 2.
one more clarification is if you got gift from your father means you are the owner of the funds not your father. why i am giving clarification is you put in bracket that is father's fund.
if you are a minor then only it will be clubbed under your father's return. as you are a BDS student you must be a major. hence it will be your income(dividend) and assets(stock bought out of gifted amount)
Dip Narayan
(Deputy Manager)
(772 Points)
Replied 26 October 2021
If you do not trade shares then u can file ITR 1. if you do not have any salary income still you can file ITR 1 .
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 31 October 2021
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