Itr 1 or 2

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This query is : Resolved

Avinaash (Querist)

29 July 2014 My client has salary from Comp A for 9 months from April to sep and from comp B for three months from October to MarchIs that considered as two sources of salary and I need to file itr 2 or I have to consider it as uniform salary in a period by a single employer and file itr1

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

29 July 2014 Even if you have earned salary from more than one employer you can file ITR1.

Return in ITR 1 cannot be filed by an individual if he:

(a) Is resident and ordinarily resident and has an asset (including financial interest in any entity) located outside India or has signing authority outside India

(b) Has claimed any relief under Section 90 or 90A or section 91

(c) Has income not chargeable to tax which exceeds Rs. 5,000

(d) Has income from more than one house property

(e) Has income from winnings from lottery or race horses

(f) Has income under the head 'Capital gains' or Business or profession

(g) Has losses under the head 'Income from other sources'

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