If an individual who is of age 78 yr has following sources of income

Deal Captain

If an individual who is of age 78 yr has following sources of income

  1. pension
  2. 2. bank interest
  3. dividendis

    the individual required to file his her itr before March 2024 ?
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Deal Lieutenant Deal Lieutenant
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before 31st july 2024 for fy 23-24

filing depends upon taxable income if any.

Pro DealBaba Pro DealBaba
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Yes, filing itr may he beneficial.

Consider an example, if the interest income is more than than 10k, then the bank will auto deducts 10% (20% in case a form is not submitted) , so one can claim if falls under certain tax bracket.

Generous Generous
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One must always file the ITR if their income is above 2.5 Lac per annum and if TDS is deducted anywhere.

Form 1 and 2  are very easy to file now-a-days.

Professionals are also not charging more for such ITRs.

Deal Cadet Deal Cadet
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Any idea on how much do those professionals charge for a similar income range?

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