I have a saving bank account interest of Rs. 4350. Please advice how to show this in ITR-2?
1 Answers
You will have to mention this under income from other sources.
Sheet: CG-OS, Under Schedule OS, 1b (Income other than from owning race horse(s), Interest, Gross)
Don't forget to claim deduction u/s 80TTA for this income.
I understand ITR-2 shall be used only if exempted income it more than Rs 5000. Pl confirm, if I am wrong.
Yes, ITR-2 has to be used in case exempted income for year is more than Rs 5,000.
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