Efiling of itr

yes u can file ITR-2 as revise return u/s 139(5) using the acknowledgement and date details of ITR-1.

Originally posted by : Roshan Begrajka
	yes u can file ITR-2 as revise return u/s 139(5) using the acknowledgement and date details of ITR-1.

Agree with Mr Roshan

Is it clear what all will constitute as "Exempt Income"?

Is accrual of PPF interest in PPF account becomes part of "Exempt Income" that should be declared every year?

yes, interest on PPF account accrued every year is also exempt income

 

you also need to declare the same in the return.

Thanks. Any guess why would tax agency want to know only PPF interest portion? what clue do they get from that amount?

it should be shown in ITR as an exempt income.

in the itr not only interest from ppf but also other interest which is exempt is to be shown. interest from tax free bonds, interest from NRE accounts etc are which are exempt is to be clubbed with ppf interest and to be shown in the ITR. the IT Department only wants to have information based on which they will take decisions. any information in the ITR is used by department for various purposes which we might be unaware of. hope this solves your queries.