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
Message likes :
1 times
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 :
1 times
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
