ITR form to be used and taxability of income etc.
Dear Sir/Madam,
I am a senior citizen having income from the following sources during the F.Y. 2015-16 A.Y. 2016-17;
1. Pension
2. Renumeration as I worked as a consultant with IRCTC on a contractual basis up to 15.04.2015 (Please also advise the relevant column where this income is to be shown).
3. Renumeration as I am working as a contract doctor with Central Government w.e.f. 16.04.2016 onwards. (Please also advise the relevant column where this income is to be shown).
4. Interest on Savings and TDR Bank Accounts
5. Maturity amount of Rs. 24,795/- only received from LIC of India after investing Rs. 10,000/- only in LIC's Future Plus Policy for a period of ten years in December, 2005 (Please also advise whether this income would be tax-exempt and can be shown against exempted income)
Please advise as to which ITR form should be used by me to fill up the ITR. Please also advise whether maturity amount received from LIC of India (details as per Item No. 5 above) is income-tax exempt or I have to pay income tax on it and if so, on the entire maturity amount or on the earnings of Rs. 14,795/- over a period of ten years. Please also advise whether I can claim expenditure incurred on transportation, residential rent and mobile phone etc. as I am working on a contract basis.
Dr. B. B. Aggarwal more
I am a senior citizen having income from the following sources during the F.Y. 2015-16 A.Y. 2016-17;
1. Pension
2. Renumeration as I worked as a consultant with IRCTC on a contractual basis up to 15.04.2015 (Please also advise the relevant column where this income is to be shown).
3. Renumeration as I am working as a contract doctor with Central Government w.e.f. 16.04.2016 onwards. (Please also advise the relevant column where this income is to be shown).
4. Interest on Savings and TDR Bank Accounts
5. Maturity amount of Rs. 24,795/- only received from LIC of India after investing Rs. 10,000/- only in LIC's Future Plus Policy for a period of ten years in December, 2005 (Please also advise whether this income would be tax-exempt and can be shown against exempted income)
Please advise as to which ITR form should be used by me to fill up the ITR. Please also advise whether maturity amount received from LIC of India (details as per Item No. 5 above) is income-tax exempt or I have to pay income tax on it and if so, on the entire maturity amount or on the earnings of Rs. 14,795/- over a period of ten years. Please also advise whether I can claim expenditure incurred on transportation, residential rent and mobile phone etc. as I am working on a contract basis.
Dr. B. B. Aggarwal more
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You are earning so much and asking for which form to be filled YOU go to a Tax Advocate or Govt Approved/ trained persons, and fill on line duly LINKED with AADHAR CARD Last date is 31st July 2016 yussethi more
Jul 09
Dear sri Yash Chopra if u are having income from interest on FD only u will have to fill form 2A and income is to be shown in "income from other sources" more
Jul 08
YOU ARE ADVISED TO FILL FORM 1 OR 2A. SALARY AND PENSION ARE TO BE FILLED IN SALARY INTT. ON S.B.A/C AND TDR TO BE FILLED IN OTHER SOURSES MATURITY AMT. FROM LICI IS TO SHOWN IN EXEMPT INCOME. IF U FEEL ANY DIFFICULTY PL. CALL AT MOB. 9415514541 more
Jul 08
