Itr form relevant to asst.year 2015-16

This query is : Resolved

CA Sanjay Baheti (Querist)
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27 June 2015 My client being an Individual having only Gross salary Income more than 10 Lacs including exempted Income of Rs.160000/- towards HRA Under Section 10 of I.T.Act like HRA,Conveyance Allowance etc.

Query is which ITR form is to be used for e-filing purposes i.e. either ITR-1 (Sahaj) or ITR-2.

Please reply.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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27 June 2015 ITR1 needs to be filed. Only if Agricultural Income is more than Rs 5000/- you will have to file ITR2.

CA Sanjay Baheti

CA Sanjay Baheti (Querist)
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28 June 2015 Thanks for prompt reply.But KDK software shows that ITR-2 has to be filed.is it true.
Please confirm as till date ITR-2 Excel utility is not issued by the Dept.on website of efiling.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 June 2015 https://www.incometaxindia.gov.in/Pages/downloads/income-tax-return.aspx

You can check the notified ITR from above link and also instructions file which is self explanatory.

Earlier rule of exempted Income more than rs 5000/- has now been amended and now if agricultural income is more than Rs 5000/- then you can not file ITR1 and you need to file ITR2.

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