Basic queries in form 1-sahaj

This query is : Resolved

Guest

Guest (Querist)

27 July 2011 Dear Friends / Experts,

I may request you to see the following queries and reply :

Queries

1. Income from Salary / Pension (Ensure to fill Sch TDS1) as mentoned in Sahaj ITR-1 - Whether this is nothing but 'Income chargeable under the head Salaries'. Please confirm.

Ans : .............

2. Can I fill the ‘Interest on House Building Advance’ in the field 'Income from one House Property with Negative figures' ?

Ans : .............

I will wait to hear the replies.

Thanks.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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27 July 2011 Sir.
1. Sch TDS 1 of sahaj is exclusively for salary.
2. If it is shown in form 16 ( item 7),then interest can be shown in B2 with -ve mark.

Guest

Guest (Querist)

27 July 2011 Sir - Thank you. Please see the following :

Query 1 - contd.

S.No. 1 of the Sahaj ITR-1 - it is mentioned as 'Income from Salary / Pension ..........'.

Whether this is nothing but 'Income chargeable under the head Salaries'.

Please confirm.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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27 July 2011 Yes. For Income chargeable under the head "salary" (Chapter IVA).

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