10 October 2013
Dear Sir, My spouse received a notice regarding non- filing of ITR for the FY 2009-10, 2010-11, 2011-12 under information code-CIB-321, i.e., Share Transactions of Rs 20,000/ or more.
I wish to efiling through "Quick efile ITR" and in this regard, I have to know which Form can be used ITR-1 or ITR-4S.
10 October 2013
choice of form shall depend on your income components. In case there is no taxable component, File an ITR 2/ ITR 4. ITR-1 is for salaried class.
However, before filing return, please check your share trading transactions and make sure no taxability is arising on account of such transactions.