Where to mention NSS Withdrawal amount in ITR1?

Forums Tax Filing Where to mention NSS Withdrawal amount in ITR1?

Where to mention NSS Withdrawal amount in ITR1?

Respected Sir/Madam, My father has closed his NSS Account with post office in FY17-18. If I correctly understand this amount is taxable. He submitted Form 15H to the post office so they did not deduct any TDS. My question is if he received say 2 Lacs as lump sum amount, does entire amount of 2 Lacs needs to be shown as income in ITR and under what column? Is it Income from Salary/Pension or Other Sources? Thanking you

Profile photo of Patkim Asked By: Patkim 1 replies 1 helpful answers Last Updated: 3 days, 9 hours ago
  • Profile photo of PatkimPatkim
    Participant

    Respected Sir/Madam, My father has closed his NSS Account with post office in FY17-18. If I correctly understand this amount is taxable. He submitted Form 15H to the post office so they did not deduct any TDS. My question is if he received say 2 Lacs as lump sum amount, does entire amount of 2 Lacs needs to be shown as income in ITR and under what column? Is it Income from Salary/Pension or Other Sources? Thanking you

  • Profile photo of Madhuri N MarneMadhuri N Marne
    Moderator

    Hello,

    The interest amount received by your father will be taxable, under Income from Other Sources.

    Do reach us in case of any queries.

    Thank You

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