Itr 1
This query is : Resolved
24 January 2015
Hi,
Till now I was filing ITR 2, however now I want to file ITR 1
. What I have to do, or I cannot change to ITR 1.
Please advice. Thank you
24 January 2015
You can change to ITR1 provided ITR1 is applicable for you.
ITR-1 Sahaj:
Who can use this form?
# Income from Salary/Pension
# Income from one House Property (but excluding those cases where loss is bought forward from previous years)
# Income from Other Sources
# In case when income of spouse or minor child to be clubbed with income of assesses (but do remember that income to be clubbed falls into above income category)
Who can’t use this form?
# Income from more than one House Property
# Income from winning from lottery or income from horses
# Income under the head of Capital Gains (whether it is LTCG or STCG)
# Income from Agriculture/exempt income in excess of Rs.5,000
# Income from Business or Profession
# Loss under the head of “Income from Other Sources”
# Person claiming relief under the Sec of 90 and or 91.
# Any resident having any asset located outside India.
ITR-1 Sahaj:
Who can use this form?
# Income from Salary/Pension
# Income from one House Property (but excluding those cases where loss is bought forward from previous years)
# Income from Other Sources
# In case when income of spouse or minor child to be clubbed with income of assesses (but do remember that income to be clubbed falls into above income category)
Who can’t use this form?
# Income from more than one House Property
# Income from winning from lottery or income from horses
# Income under the head of Capital Gains (whether it is LTCG or STCG)
# Income from Agriculture/exempt income in excess of Rs.5,000
# Income from Business or Profession
# Loss under the head of “Income from Other Sources”
# Person claiming relief under the Sec of 90 and or 91.
# Any resident having any asset located outside India.
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