Other Sources Income Data Feeding Process

ExpressITR || Other Sources Income Data Feeding Process


Other Sources Income Data Feeding Process

To record income from other sources in Express ITR, follow the steps outlined below:

Step 1: Access the ITR Summary
  1. Open the client profile in Express ITR.
  2. In the ITR Summary section, select Return Flow to continue.
      

Step 2: Navigate to Other Sources Income
  1. Proceed to the Other Sources Income head.
      

Step 3: Enter Income Details Under "Gross Income Chargeable at Normal Rate"
  1. Enter the relevant Income types, including:
    1. Dividend Income under Section 56(2)(i)
    2. Saving Bank Interest
    3. Fixed Deposit (FDR) Interest
    4. Interest on Income Tax Refund
    5. Gift Income under Section 56(2)(x)
    6. Family Pension
    7. Rent from Plant & Machinery or Furniture
    8. Other Interest
    9. Interest on Compensation
      

Expenses Section
  1. Record any related expenses.
      
Depreciation
  1. Record any related Depreciation.
      
Additional Categories
  1. Gross Income Chargeable at Special Rate: Input any income subject to special tax rates.
      
  1. Amount Not Deductible under Section 58
  2. Profit Chargeable to Tax under Section 59
      

Following these steps will help ensure that you accurately record data for income from other sources in Express ITR.

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