In the case we have come across, the person is salaried employee but his salary is below Rs 1.5 lacs for F Y 2011-12
He has got Interest on Fixed deposits with a bank.
So which ITR to be used for E Filing. ITR 1 or 2.
Kindly guide.
In the case we have come across, the person is salaried employee but his salary is below Rs 1.5 lacs for F Y 2011-12
He has got Interest on Fixed deposits with a bank.
So which ITR to be used for E Filing. ITR 1 or 2.
Kindly guide.
Since, a person has only salary and IFOS income so ITR - 1 wil be applicable....
But if total income before claiming deduction under Chapter - VIA does not exceed basic exemption limit then such person is not required to file return
| Originally posted by : Member of CCI | ||
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Since, a person has only salary and IFOS income so ITR - 1 wil be applicable.... But if total income before claiming deduction under Chapter - VIA does not exceed basic exemption limit then such person is not required to file return |
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