Hello members, for the new itr forms for ay 2015-16, from this year can one use ITR1 instead of ITR2 if their exempt income in totality like divident, lic maturity, LTCG from shares, PF etc exceeds 5000/-??? Earlier if a simple saliried person had 5001/- or more exempt income had just for this reason to file ITR2 so please clarify Thanx
Menu
Exempt income query for ay 2015
Replies (1)
Assuming there is no Agriculture Income you can file ITR 1. Provisions regarding exempt income exceeding Rs.5000/- have been amended to include on Agriculture Income exceeding Rs.5000/- vide notification no.49/2015
Recent Topic
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
Related Topics
CAclubindia
