Friends,
1) My mother draws a 2 lac per anum Family Pension after my father's death from a bank. For this No 16A available as not falling under Income tax.
2) Also my mother from another separate bank got ₹ 10,000 deducted as TDS for Fixed deposit. For this 16A is available but its a separate bank.
My question is , in the Tax Detail page whiling e-filing Under 'Income from Other sources' two rows I shall add. One for 1) & 2) each.as above. But for Number 1) Bank did not provide 16A as no TDS deducted. Then What I shall give TAN no, Unique TDS Certificate No, amount claimed etc?
-Rakesh
Family Pension and Bank Interest Below Tax Threshold: No Tax Payable, Claim TDS Refund. Consult a Tax Professional. A forum participant sought advice on declaring family pension and bank interest for tax purposes. The participant's mother receives a family pension of 2,00,000 annually and had 10,000 TDS deducted from a fixed deposit. Respondents advised that family pension should be declared under 'Income from Other Sources' and clarified that since the total income is 3,00,000, it falls below the taxable threshold for seniors. Thus, no tax is payable, and a refund can be claimed for the TDS. It was suggested to consult a tax professional for assistance with filing the return online. (AI Summary)