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Exempt income more than taxable income

This query is : Resolved 
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(Querist)
24 July 2022 Sir,
My taxable income is 8 lac but I received 55 lac as nominee after death of my relative from bank, which I believe should be declared under Exempt Income as inheritance.
Under this circumstance, should I fill ITR 1 or ITR 2.

Appreciate your response.

Regard
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 July 2022 File ITR 2.
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kishore K

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kishore K (Querist)
24 July 2022 Thanks Dhiraj sir for your reply. I don't have any share, MF sale/purchases. Should I still go for ITR 2
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 July 2022 Yes, due to aggregate income more than 50 lakhs, ITR 1 is not eligible.
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kishore K

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kishore K (Querist)
26 July 2022 Thank you sir for your valuable time and guidance
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 July 2022 Most welcome ...
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