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Which itr to use

13 April 2018

Hello. I will be filing ITR for the first time. My gross income is below the threshold limit. I earn my income from Bank fixed deposits interest, PPF interest, NSC interest, share dividend, and share sub broker commission [ which is not more then 13000 PA ]. My husband gives me some gifts during the year, which I invest in taxfree PPF only. I have a TDS cut from my brokerage income.

Please advise which ITR form number to file for this 2017 financial year? Please advise at the earliest, as I want to file the return today. Thank you.

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160342 Points)
Replied 13 April 2018

File ITR1 after release of its online utility (expected to be released in next week).......

Better to file in first week of June, so that final TDS amount (of 4th quarter) gets reflected in form 26AS.....

Captain Kumar (self) (89 Points)
Replied 13 April 2018

Thank you for your reply. Please be noted, that I have a small share transaction and have a long capital gain [ taxfree in 2017 ]. So because of this, will it be ok to file ITR 1. Please let me know. Thank you once again for taking time to reply to my query. Regards.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160342 Points)
Replied 13 April 2018

Till last year, any such STT paid (Exempted u/s. 10(38)) LTCG were declared in ITR1. So, if there is no change in this criteria, ITR1 will hold good for this AY also.