ITR for Other Sources Income

ITR Filing for Income from Other Sources – FY 2023-24 (AY 2024-25)

File Your Tax Return for Interest, Dividends, Gifts & More with Money Finkart

Not all income comes from salary or business. If you earned interest, dividends, gifts, or winnings, you must file under “Income from Other Sources.” At Money Finkart, we help you report such income accurately and minimize tax liability.

Why Choose Money Finkart?

CA-Assisted Filing

Expertly prepared returns with zero calculation errors.

Accurate Other Income Computation

We verify every detail including interest, gifts, and dividends.

Fast Turnaround

ITR filing completed in 24–48 hours.

Data Privacy

Complete confidentiality and data encryption.

Based in Mumbai

PAN India support via phone, chat, and email.

Our Reach: ITR for Other Sources Income Across India

We proudly serve customers across all major cities and states in India, including:

  • Andhra Pradesh
  • Arunachal Pradesh
  • Assam
  • Bihar
  • Chhattisgarh
  • Goa
  • Gujarat
  • Haryana
  • Himachal Pradesh
  • Jharkhand
  • Karnataka
  • Kerala
  • Madhya Pradesh
  • Maharashtra
  • Manipur
  • Meghalaya
  • Mizoram
  • Nagaland
  • Odisha
  • Punjab
  • Rajasthan
  • Sikkim
  • Tamil Nadu
  • Telangana
  • Tripura
  • Uttar Pradesh
  • Uttarakhand
  • West Bengal
  • Andaman and Nicobar Islands
  • Chandigarh
  • Dadra and Nagar Haveli and Daman and Diu
  • Delhi (NCT)
  • Lakshadweep
  • Puducherry
  • ...and more!

What is Considered “Income from Other Sources”?

  • Interest from FD, RD, savings accounts, post office, NCDs
  • Dividends from Indian companies
  • Lottery, betting, prize money, or game show winnings
  • Rental income from subletting or movable assets
  • Family pension
  • Gifts above ₹50,000 (cash or kind)
  • Advance forfeited in property deals
  • Taxable awards, scholarships

Who Should File This ITR?

  • Individuals without salary or business income
  • Pensioners with interest or dividend income
  • Homemakers & freelancers with passive income
  • NRIs with India-based income
  • Individuals receiving gifts, winnings, or family pension

Applicable ITR Forms

  • ITR-1 (Sahaj) – For total income ≤ ₹50L (excluding lottery income)
  • ITR-2 – For income including lottery, capital gains, or foreign income

Documents Required

  • PAN & Aadhaar
  • Interest certificates from banks
  • FD/RD account statements
  • Form 16A / TDS certificates
  • Form 26AS and AIS summary
  • Dividend statements from brokers/demat
  • Gift proofs (if received)
  • Certificates of lottery or prize money (if any)

Our Services Include

  • Classification & computation of income
  • TDS reconciliation with Form 26AS
  • Drafting and filing ITR with correct schedules
  • Submission and e-verification
  • Refund tracking (if excess TDS deducted)
  • AIS mismatch and income notice support

Taxation Tips for Other Sources

  • ₹10,000 deduction on savings interest under Section 80TTA
  • ₹50,000 deduction for senior citizens under Section 80TTB
  • Lottery and betting winnings taxed at flat 30% (no deductions)
  • Clubbing provisions apply for non-relative gifts
  • Advance tax required if interest income > ₹10,000/year

⚠️ Important Dates

  • 📅 ITR Filing Due Date (Non-Audit): July 31, 2024
  • 🚨 Late filing penalty: ₹1,000 to ₹5,000

File Your ITR with Us Today

📱 Call/WhatsApp: +91 82912 26134

📧 Email: money@moneyfinkart.com

🏢 Address: Money Finkart, Mumbai, Maharashtra

🌐 Website: www.moneyfinkart.com

💡 Note: Avoid tax notices and make the most of deductions by filing your ITR for other income sources with Money Finkart.

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