Exempt income query for ay 2015

ITR 510 views 1 replies

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

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


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