https://www.taxtmi.com/forum/issue?id=109952 Pension receipts, including the retired employee's pension and the deceased husband's family pension received by the widow, are taxable. Interest on fixed deposits and savings accounts is also taxable, with allowable deductions. A belated income tax return can be filed now, but late filing and late payment may attract statutory interest and penalties; the taxpayer should compute total income, claim deductions, submit the return, and pay tax plus applicable interest and penalties. en-us Sun, 28 Feb 2016 16:39:12 +0530 Thu, 23 Jan 2025 15:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109952 Pension receipts, including the retired employee's pension and the deceased husband's family pension received by the widow, are taxable. Interest on fixed deposits and savings accounts is also taxable, with allowable deductions. A belated income tax return can be filed now, but late filing and late payment may attract statutory interest and penalties; the taxpayer should compute total income, claim deductions, submit the return, and pay tax plus applicable interest and penalties. Discussion-Forum Income Tax Sun, 28 Feb 2016 16:39:12 +0530 https://www.taxtmi.com/forum/issue?id=109952