TaxTMI 
TaxTMI 
Declaring FamilyPension under 'Income from Other source'
X X X X Extracts X X X X
X X X X Extracts X X X X
....eclaring FamilyPension under 'Income from Other source'<br> Query (Issue) Started By: - Rakesh Yadav Dated:- 15-4-2017 Last Reply Date:- 18-4-2017 Income Tax<br>Got 5 Replies<br>Income Tax<br>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 g....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ot ₹ 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? -....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Rakesh Reply By MARIAPPAN GOVINDARAJAN: The Reply: Since the pension received is below the threshold limit no tax is recovered by the bank. Another bank deducted TDS ₹ 10,000/- for interest. I assume that interest is ₹ 1,00,000/-. Is it correct? Then the total income is ₹ 3,00,000/-. Pension = ₹ 2,00,000/- + Interest = ₹ 1,00,000 = ₹ 3,00,000 Less threshold ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....limit = ₹ 2,50,000 Taxable income = ₹ 50,000/- Tax 10% of ₹ 50,000/- = ₹ 5,000 Net Tax payable = NIL You can claim refund of tax deducted by the bank. Reply By MADAN RAHEJA: The Reply: As per Section 17 of Income Tax Act, salary includes any annuity or pension. Thus family pension received by your mother has to be shown in the Head Salary and Interest under "Inc....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ome from other sources". Further if your mother is over the age of 60 years, income upto first Three lakhs shall be leviable to Nil rate. Reply By Rakesh Yadav: The Reply: Thanks Mr Mariappan and Madan, I understand your explanation and agree with you. But my specific query is 'while filling up Online ITR do I need to add two rows in 'Tax Detail Page' one for Family pension and....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... the other for bank TDS? but for family pension I don't have any TAN #, certificate No etc. So what to do ? Only one row for the TDS to be added ? And in Income Detail page I shall show total Family Pension + TCS = 3 Lac in Tax detail Page Only The TDS detail for which Tax deducted and no row for family pension ? -Rakesh. Reply By MADAN RAHEJA: The Reply: ITR 1 pertaining to AY 2017-18 h....
X X X X Extracts X X X X
X X X X Extracts X X X X
....as different columns in respected of taxes paid viz. Advance tax paid [D11(I)], Self ]assessment tax paid[D11(ii)], TDS claimed [D11(iii)] etc. In these columns there is no requirement for filling any Tan No. etc. Further there are Schedules Viz TDS -1 wherein details of tax deducted from Salary, if any, get self populated from AS 26 and TDS 2 wherein details of tax deducted at source from income ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....other than salary get similarly self populated. You dont have to add any row. Reply By MADAN RAHEJA: The Reply: In case you are unable to file return yourself, it is better to get in touch of an authorised TRP (Income Tax) in your area.<br> Discussion Forum - Knowledge Sharing ....