Itr1/itr2
This query is : Resolved
23 July 2013
Dear CCI Memebres
which return have to be filled if salary income is 10 lakh & interst income is 17000.
what is the difference between itr1/itr2
which return have to be filled if salary income is 10 lakh & interst income is 17000.
what is the difference between itr1/itr2
CMA Ramesh Krishnan
(Expert)
23 July 2013
You can file ITR-1.
ITR -1 For Individuals having Income from Salary / Pension, Income from One House Property (excluding loss brought forward from previous years) / Income from Other Sources (Excluding Winning from Lottery and Income from Race Horses)]
ITR -2 For Individuals and HUFs having all sources of income except Income from business and profession
ITR -1 For Individuals having Income from Salary / Pension, Income from One House Property (excluding loss brought forward from previous years) / Income from Other Sources (Excluding Winning from Lottery and Income from Race Horses)]
ITR -2 For Individuals and HUFs having all sources of income except Income from business and profession
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24 July 2013
but if exempted income is HRA/travelling is more than 5000.what to do.
that 5000 is confusing a lot
that 5000 is confusing a lot
24 July 2013
Then file itr-2.
Message likes :
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CMA Ramesh Krishnan
(Expert)
24 July 2013
For HRA/Travelling exemption, you no need to worry. you can mention only the taxable salary only in ITR-1. Rs.5000 exempted income is under sec.10 which is not covered HRA & Travel allowance comes under salary.
so my opinion, still you can file ITR-1
so my opinion, still you can file ITR-1
24 July 2013
itr-1 cannot be filed if hra exceeds rs 5,000 and author has specifically asked which return if hra is more then 5,000.
so in my opinion u cannot file itr-1 and file itr-2.
so in my opinion u cannot file itr-1 and file itr-2.
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