Exempt income
This query is : Resolved
19 November 2014
If my exempt income in my salary is 18000 . only for this reason should I fill ITR 2 in the place of ITR 1.
19 November 2014
Yes. You need to file ITR2 since exempted income is more than Rs 5000/-.
20 November 2014
Some experts say that income like traveling allowance , Conveyance allowance , HRA r not exempt income .so we need not to file itr 2.
20 November 2014
they are wrong and sanjay bhai is correct.
20 November 2014
But last year I filed ITR 1 and acknowledged by IT department .
20 November 2014
In schedule EI of ITR 2 there is no column of exempt allowances. Shall it be written in head of 'Other'
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