Itr
This query is : Resolved
08 July 2015
if a non resident has
income from house property and income from other sources .
then is it itr-1
or. itr - 2??
and do we need to include assets owned by the assessee which are outside India ??
Nikhil Kaushik
(Expert)
08 July 2015
he can file ITR-1 (provided there is only one house.
no you dont have to include assets outside India.
no you dont have to include assets outside India.
08 July 2015
ITR-1 (SAHAJ)
Who can use this Return Form?
This Return Form is to be used by an individual whose total income for the assessment year 2015-16 includes:-
(a) Income from Salary/ Pension; or (b) Income from One House Property (excluding cases where loss is brought forward from previous years); or (c) Income from Other Sources (excluding Winning from Lottery and Income from Race Horses)
NOTE: Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the income being clubbed falls into the above income categories. So if any Income is not falling in the above category then ITR1-SAHAJ can not be used.
Who can not use this Return Form?
This Return Form should not be used by an individual whose total income for the assessment year 2015-16 includes:-
(a) Income from more than one house property; or (b) Income from Winnings from lottery or income from Race horses; or (c) Income under the head "Capital Gains”; or (d) Agricultural income in excess of 5,000; or (e) Income from Business or Profession; or (f) Loss under the head 'Income from other sources; or (g) Person claiming relief under section 90 and/or 91; or (h) Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India or (i) Any resident having income from any source outside India
Who can use this Return Form?
This Return Form is to be used by an individual whose total income for the assessment year 2015-16 includes:-
(a) Income from Salary/ Pension; or (b) Income from One House Property (excluding cases where loss is brought forward from previous years); or (c) Income from Other Sources (excluding Winning from Lottery and Income from Race Horses)
NOTE: Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the income being clubbed falls into the above income categories. So if any Income is not falling in the above category then ITR1-SAHAJ can not be used.
Who can not use this Return Form?
This Return Form should not be used by an individual whose total income for the assessment year 2015-16 includes:-
(a) Income from more than one house property; or (b) Income from Winnings from lottery or income from Race horses; or (c) Income under the head "Capital Gains”; or (d) Agricultural income in excess of 5,000; or (e) Income from Business or Profession; or (f) Loss under the head 'Income from other sources; or (g) Person claiming relief under section 90 and/or 91; or (h) Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India or (i) Any resident having income from any source outside India
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