Recently IT department has changes exemption clause for ITR-1 form stating that:
If Total Income for the assessment year 2013-14 includes, d. Income from agriculture/exempt income in excess of Rs. 5,000
Based on this I've following queries, 1. Does this means almots all tax payers having 9600 as conveyance allounce shall need to file ITR-2? 2. What if one makes a mistake in filing ITR-1 instead of ITR-2 in this case? 3. Can one immediately file 'Revised' IT Return again with ITR-2 form under section '17-Revised 139(5)' mentioning last ITR-1 ACK number in reference?
Any help/clarification shall be much appreciated...
18 July 2013
itr 2 will be the appropriate itr in this case. mostly salaried employee are not asked for scrutiny assessment as the income tax is very low.