Summary of this article
Homemakers with interest and part-time tuition can use ITR-1.
Capital loss on shares requires ITR-2 filed timely.
Verify TDS via Form 26AS; pay tax separately
My wife is a homemaker and earns from interest and by taking some tuition classes from home. Please advise which ITR form to use? Please also advise the ITR form to be used if there is a long-term capital loss on the sale of shares purchased 3 years back.
Since your wife is not carrying on tuition on a full-time basis, the tuition fee received by her can be offered for tax under the head “income from other sources”. So, looking at the fact that she only has interest income and this part-time tuition income, she can file ITR 1 for filing a return. Please note that in case she intends to claim any expenditure against the tuition income under the head “Income from other sources,” she cannot use ITR 1 but will have to use ITR 3.
In case you wish to carry forward any loss on the sale of shares, you need to file ITR 2 and that too by the due date. If you fail to file the relevant ITR by the due date, you can still file the ITR by 31st December 2026, but can not carry forward any loss incurred during the year.
I am a senior citizen. Tax was deducted on the interest paid to me under my Senior Citizen Scheme during the financial year 2025-2026. The post office is not issuing me Form 16A despite my repeated written requests. Can I approach some authorities? If so, how? Kindly advise.
You need not worry about the TDS certificate, as the credit for the TDS is given by the income tax department on the basis of data available with them, generated based on TDS returns filed by the tax deductor and not on the basis of your TDS form. Presently, you are not allowed to attach any documents to your ITR.
In case you are already registered on the Income Tax Department's e-filing portal, you can access the form no. 26AS and AIS (Annual Information Statement), where the details of tax deducted from income paid to you during the year are available.
In case the amount of tax deducted at source is not available in the Form 26AS, please confront the post office with a copy of your 26AS/AIS for this discrepancy. Since interest on SCSS is paid quarterly, the details of TDS would be available even if you access these forms. TDS details of the last quarter would be available after 15th June, once the TDS returns filed by the deductor, which can be filed by 31st May.
I am a salaried person and have worked for two employers during the last year. Though both my employers had deducted tax on my salary income, I still need to pay some income tax because of a change in my job in between. My question is, can I directly file the e-return and send the cheque with the ITR-V form to the CPC office?
It seems that both your employers have given you the benefit of basic exemption and deductions under Section 80C if you had opted for the old tax regime while deducting the income tax on your salary. Ideally, you should have shared your salary and TDS details of your first employer with the second employer for proper tax deduction.
Your balance tax liability cannot be discharged by sending a cheque to the CPC office. You will now have to pay the tax as self-assessment tax along with interest. This can be either paid online, or you can pay it in any bank through a challan no. ITNS 280 mentions all relevant details.
