If an individual who is of age 78 yr has following sources of income
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If an individual who is of age 78 yr has following sources of income
- pension
- 2. bank interest
- dividendis
the individual required to file his her itr before March 2024 ?
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https://www.desidime.com/discussions/if-an-individual-who-is-of-age-78-yr-has-following-sources-of-income?page=1#post_9946374
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.
https://www.desidime.com/discussions/if-an-individual-who-is-of-age-78-yr-has-following-sources-of-income?page=1#post_9946412
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.
https://www.desidime.com/discussions/if-an-individual-who-is-of-age-78-yr-has-following-sources-of-income?page=1#post_9947804
Any idea on how much do those professionals charge for a similar income range?
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before 31st july 2024 for fy 23-24
filing depends upon taxable income if any.